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ch4aika [34]
2 years ago
7

A lessor is paid $45,000 by its commercial tenant as a lease cancellation fee. The tenant wanted to get out of its lease so it c

ould move to a different building. The lessor has held the lease for three years before it was canceled. The lessor had a zero tax basis for the lease. The lessor has received: *a. Ordinary income of $45,000. b. Long-term capital gain of $45,000. c. Short-term capital gain of $45,000. d. Neither gain nor loss. e. None of the above.
Business
1 answer:
ExtremeBDS [4]2 years ago
6 0

Answer:

The answer is: A) Ordinary income of $45,000.

Explanation:

The $45,000 the lessor collected from the lessee (his tenant) should be included as ordinary income.

IRS Internal Revenue Code Section 10. b. 1. establishes that payments received by a lessor for the cancellation of a lease are considering ordinary income.

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An ad for Hanes brand of underwear says, "Wait ’til we get our Hanes on you!" The brand is positioned as being comfortable for t
Serjik [45]

Answer:

experiential

Explanation:

................:)(:

8 0
2 years ago
Walden’s family is shopping for a reclining chair. The chair the family decided on has a retail price of $800 plus 5% sales tax
IceJOKER [234]

Just by looking at the answer you can take out D because C already offers no tax and 5% off, do C is better than D, so we only have to do t math for A, B, and CA is 800 plus tax, with $75 back800×1.05 (because it's 5% tax) -75 =$765B is 800×.90 (because 10% off means he's paying 90%)×.05=$756C is 800×.95 (because 5% off means he's paying 95%) =760A=765B=756C=760So B is the best deal

:)

6 0
2 years ago
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Which of the following dimensions of entrepreneurial orientation is described as a forward-looking perspective characteristic of
trapecia [35]

Answer:

A) Proactiveness.

Explanation:

This explained to be a conceptual development in entrepreneurial orientation that enacts a degree of anticipation in product and also increase a productivity in the entrepreneurial sphere. Some undiluted descriptions shows it to be the introduction of results based on its qualitative study, which is been aimed at the characterizing of the proactiveness in entrepreneurial software firms. Experienced researched organizations has shown that the one which are related to environment monitoring and opportunities quest been highlighted are also core part of proactiveness.

4 0
2 years ago
Demur Inc., a manufacturing company, has provided the following data for the month of April. The balance in the Work-in-Process
Mrac [35]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

The balance in the Work-in-Process Inventory account was $10,000 at the beginning of the month and $22,000 at the end of the month. During the month, the company incurred direct materials cost of $63,000 and the direct labor cost of $39,000. The actual manufacturing overhead cost incurred was $40,000. The manufacturing overhead cost applied to Work-in-Process was $43,000.

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 10,000 + 63,000 + 39,000 + 40,000 - 22,000= $130,000

6 0
2 years ago
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Which individual is a producer?
Ronch [10]

Answer:

To be considered as a producer, we need to create some sorts of goods or services and exchange it with the customers in order to obtain some sort of financial gain. I believe that a host who seats customers in a busy restaurant would be considered a producer because he is providing a service to consumers.

Hope this helps!

7 0
2 years ago
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