On july 1, 2018, ted, age 73 and single, sells his personal residence of the last 30 years for $368,000. ted's basis in his residence is $42,000. the expenses associated with the sale of his home total $22,000. on december 15, 2018, ted purchases and occupies a new residence at a cost of $175,000. calculate ted's realized gain, recognized gain, and the adjusted basis of his new residence.

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.