Sam’s office building with an adjusted basis of $750,000 and a fair market value of $900,000 is condemned on November 30, 2013. Sam is a calendar year taxpayer. He receives a condemnation award of $875,000 on March 1, 2014. He builds a new office building at a cost of $845,000 which is completed and paid for on December 31, 2016.

What is Sam’s recognized gain on receipt of the condemnation award and basis for the new office building assuming his objective is to minimize gain recognition?

A. $0; $720,000.

B.$30,000; $750,000.

C. $30,000; $845,000.

D. $150,000; $750,000.

E. None of the above.

Recently, it was observed that people have started saving more rather than spending. this has impacted the demand for luxury goods and services. the decline in the demand led to unemployment in the related sectors. what can be a primary solution to reduce the unemployment levels in the country? a. increase the interest rates b. impose fine for savings c. force industries to rehire employees d. reduce the interest rates e. import goods and services

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were:

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.