What is the recognized gain or loss from the sale of July 1? In her will, Maria Chavez (see item 10) left Sofia a vacant lot on Wright Street. Maria had paid $15,000 for the property, and it had a value of $19,000 when she died. Maria had purchased the lot because it was adjacent to Northern Michigan University property and she expected the school to eventually expand the campus. By 2021, it has become clear that the university did not have the funds to expand the campus. Consequently, on July 1, 2021, Sofia sold the lot for $22,200. The buyer pays the real estate taxes of $800 for 2021. Sofia received a Form 1099-B as documentation for this transaction which did not report the basis of this property.

What comprises a list of main points and sub-points of a topic to include in a presentation

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.