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GenaCL600 [577]
2 years ago
4

Brandt exchanged his collection of stamp albums for a tractor from Virgil in September 2018. The fair market value of the stamp

albums is $3,000. The tractor has the same $3,000 fair market value. The collection of stamps cost Brandt $2,000 over the years to assemble. How should Brandt report this transaction on his income tax return? A. He reports it as a capital transaction with a $0 gain B. He is not required to report it because it is not taxable C. He attaches a statement to his return explaining that the exchange was for something of equal value D. He reports a $1,000 capital gain
Business
1 answer:
CaHeK987 [17]2 years ago
6 0

Answer:

C. He attaches a statement to his return explaining that the exchange was for something of equal value

Explanation:

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Which type of culture would most likely include characteristics such as openness, freedom, debate, and risk-taking?
adell [148]

Answer:

e. diversity-focused

Explanation:

-Ethical  culture refers to a culture in which people behave according to the group of values and standards set by the organization.

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2 years ago
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slavikrds [6]
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slamgirl [31]

Answer:

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The computation of the total amount paid is shown below:

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