Mr. n's business building is destroyed by a hurricane. the building had an adjusted basis to mr. n of $200,000 and a fair market value immediately before the hurricane of $300,000. mr. n receives a reimbursement of $270,000 from his insurance company and immediately spends $268,000 on a new business building. what amount must mr. n include in his gross income?
(a) $70,000 gain.
(b) $(32,000) loss.
(c) $(30,000) loss.
(d) $2,000 gain.

Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?