Carly sold land that she purchased 10 years ago for $3,000. the selling price of the land was $7,000 and carly paid broker's fees of $420. when she originally purchased the land, she paid $1,000 to clear some of the brush in order to make a walking path down to a nearby lake. in the ten years since the purchase, carly paid $200 per year to keep the path maintained. carly's amount realized on the sale was $ and her tax basis was $ resulting in a capital gain of $ for the year.

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.

Which of the following is considered part of a country’s infrastructure?

What effect, considered related to the secondary effect of advertisement, occurs as an advertisement begins to lose its impact when it gets old? the makes the advertisement lose its impact after it gets old.