Alyssa's personal residence (adjusted basis of $100,000) was condemned, and she received a condemnation award of $80,000. alyssa used the condemnation proceeds to purchase a new residence for $90,000. what is alyssa's recognized gain or loss and her basis in the new residence? a.$0; $90,000. b.($20,000); $90,000. c.$0; $70,000. d.($20,000); $70,000.

San ruiz interiors provides design services to residential and commercial clients. the residential services produce a contribution margin of $450,000 and have traceable fixed operating costs of $480,000. management is studying whether to drop the residential operation. if closed, the fixed operating costs will fall by $370,000 and san ruiz’ income will

If you were running a company, what are at least two things you could do to improve its productivity.

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?