Rosilyn trades her old business-use car with an adjusted basis of $13,000 and an outstanding loan liability balance of $2,000 for a new business-use car valued at $9,000 plus $3,000 cash from Bob's Auto Sales and Loan Company. Bob assumes Rosilyn's loan balance. How much boot does Rosilyn receive in the transaction?
a. $- 0 -
b. $1,000
c. $2,000
d. $3,000
e. $5,000
e
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Victoria reported assets of $13,362 million at January 1 and $13,369 million as of December 31 of the current year. Net cash flows from operations were $2,204 million. Calculate the cash flow on total assets ratio.
What will be an ideal response?
Heather applied for a promotion, but her manager promoted a coworker because the manager knew Heather was seven months pregnant. The manager did not want to promote someone who would probably be taking time off of work for childbirth and child care. The manager has acted legally and reasonably to protect her company's interests.
Answer the following statement true (T) or false (F)
Orders placed for buying shares of a mutual fund any time up to 4:00 p.m. are priced at that day's net asset value (NAV), and orders placed after 4:01 p.m. are priced at the next day's NAV. What is this practice known as?
a. Forward pricing b. Late trading c. Price arbitrage d. Price dealing
Inter-market segmentation refers to forming segments of consumers who have different needs and buying behaviors in a given geographical region
Indicate whether the statement is true or false