Homewood Corporation adopts a plan of liquidation on June 15 and shortly thereafter sells a parcel of land on which it realizes a $50,000 gain (excluding the effects of a $5,000 sales commission). Homewood pays its legal counsel $2,000 to draft the plan of liquidation. The accountant fees for the liquidation are $1,000, which are also paid during the year. What is Homewood Corporation's realized
gain on the sale of land and deductible liquidation expenses?
A)
B)
C)
D)
A)
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Activity-based-costing (ABC) systems are generally prevalent in companies seeking to increase ____ and ____
a. cost accuracy and usefulness b. cost accumulation and cost assignment c. cost allocation and cost containment d. product costing and cost allocation
Sally wants to distance herself from her cousin from a different part of country. In order to do this, Sally uses ______, adopting a style of speaking that contrasts with the style of the person from whom she desires to distance herself.
Fill in the blank(s) with the appropriate word(s).
Fish sperm is composed mostly of DNA. If we tested a sample chemically, we should find relatively high amounts of
A. nitrogenous bases, sugar, and phosphate groups. B. triglycerides and ATP. C. amino acids and unsaturated fats. D. globular proteins and stored fats. E. phospholipids and steroids.
It is advisable not to modify specialized journals
Indicate whether the statement is true or false