In year 1, def recognized a loss of $15,000 on land that it had held for investment. in year 1, it also recognized a $30,000 gain on equipment it had purchased a few years ago. the equipment sold for $50,000 and has an adjusted basis of $20,000. def had deducted $40,000 of depreciation on the equipment. in year 2, def recognized a capital loss of $2,000. what book-tax difference in year 1 and year 2 associated with its capital gain and loss would def inc report in this scenario?

On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?

Which one of the following statements is true? ddt does not prevent disease from passing from agricultural animals to humans. cost was a major factor in the united states government's decision to ban ddt. many african governments concluded that the potential long-term health effects of ddt were not as serious as the immediate problem of insect control. ddt cannot accumulate in the fat of animals. the ddt ban in the united states has made it very difficult to control agricultural insect pests.

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