Greene owns a parking lot that yielded net income of $26,000 during the current year. The only other transactions that he had during the year were: 1) a gain of $13,000 on the sale of some Apple Corporation stock that he bought two years ago; 2) a loss of $23,000 on the sale of one storage building used for his business; 3) a gain of $4,000 on the sale of half an acre of the land used in his parking lot business. 4) a gain of 6,000 from sale of wine collection bought three years ago. All of the land used in his parking lot operations was purchased seven years ago. His net capital gain/loss for the current year is:

a. Zero because all the gains offset the losses
b. A $10,000 net capital gain because the land and wine collection are capital assets
c. A $10,000 net capital loss and he deduct $3,000 to offset his ordinary income
d. None of the above statements is correct

Why do police officers get paid less than professional baseball players?

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.