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.

Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold. required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.

How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b

Which of the following is not an example of one of the four mail advantages of prices on a free market economy