Prater inc. enters into an exchange in which it gives up its warehouse on 10 acres of land and receives a tract of land. a summary of the exchange is as follows: transferred fmv original basis accumulated depreciation warehouse $ 400,000 $ 315,000 $50,000 land 80,500 80,500 mortgage on warehouse 40,750 cash 31,750 31,750 assets received fmv land $471,500 what is prater’s realized and recognized gain on the exchange and its basis in the assets it received in the exchange?

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

Double corporation acquired all of the common stock of simple company for