Fran was transferred from phoenix to atlanta she sold her phoenix residence (adjusted basis of $250,000) for a realized gain of $50,000 and purchased a new residence in atlanta for $375,000 fran had owned and lived in the phoenic residence for 6 years what is fran's recognized gain or loss on the sale of the phoenix residence and her basis for the residence in atlanta?
a. $0 recognized gain/loss; $375,000 basis
b. $0 recognized gain/loss $425,000 basis
c. ($50,000) recognized loss; $325 000 basis
d. ($50,000) recognized loss; $375,000 basis

Rats that received electric shocks were unlikely to develop ulcers if the

The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?