Explain the difference between a realized gain and a recognized gain.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
A realized gain is the excess of the amount realized o...View the full answer
Answered By
Sumit kumar
Education details:
QUATERNARY Pursuing M.Tech.(2017-2019) in Electronics and Communication Engg. (VLSI DESIGN) from
GNIOT Greater Noida
TERTIARY B.Tech. (2012-2016) in Electronics and Communication Engg. from GLBITM Greater Noida
SECONDARY Senior Secondary School Examination (Class XII) in 2012 from R.S.S.Inter College, Noida
ELEMENTARY Secondary School Examination (Class X) in 2010 from New R.J.C. Public School ,Noida
CERTIFICATION
Summer Training in ‘WIRELESS EMBEDDED SYSTEM’ from ‘XIONEE’ for the six weeks.
EMBEDDED SYSTEM Certificate issued by CETPA INFOTECH for one day workshop.
Certificate of Faculty development program on OPTICAL COMMUNICATION and NETWORKS for one week.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Taxation For Decision Makers 2014
ISBN: 9781118654545
6th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
Question Posted:
Students also viewed these Business Law questions
-
What is the difference between a realized gain or loss and an unrealized gain or loss?
-
What is the difference between a realized external failure cost (environmental) and an unrealized external failure (societal) cost?
-
Explain the difference between a contract that is performed illegally and an illegal contract.
-
A 1.000 m by 1.500 m by 2.000 m cube of a continuous solid is deformed (dashed line in the figure) into a shape by the movement of point E to E'. Considering small deformations, the displacement...
-
In 2008, the AICPA Assurance Services Executive Committee identified five global mega trends that can affect a CPAs business. Required: a. Review the mega trends that were identified. Are these...
-
a. Explain why the 1st ionisation energy of calcium is lower than that of cobalt. b. Explain why the density of calcium is lower than the density of nickel.
-
Use a weighted scoring model to choose between three locations (A, B, C) for setting up a factory. The relative weights for each criterion are shown in the LO8 following table. A score of 1...
-
Amanda King has just been appointed director of recreation programs for Highland Park, a rapidly growing community in Connecticut. In the past, the city has sponsored a number of softball leagues in...
-
Students will: Find the Financial Statements (Income statement and Balance Sheet) from Yahoo Finance for the assigned company for the two most recent years. Calculate a common-size (vertical...
-
Refer to information in Exercises 19-6 and 19-7. Set up T-accounts for each of the following accounts, each of which started the month with a zero balance: Raw Materials Inventory, Work in Process...
-
Determine the amount of the capital gain or loss in each of the following transactions and state whether the gain or loss is long term or short term. a. 100 shares of Bilco stock bought for $8,000 on...
-
Late in the current year, Brad Corporation's factory was destroyed by a tornado. Brad determined that it had a $200,000 unreimbursed loss on the building built ten years ago and a $75,000 gain on...
-
a. At a recent meeting, the Chief Executive Officer (CEO) stated his view that the economy will remain strong, as the Fed's monetary policy is not likely to have a major impact on the interest rates....
-
State the vertical asymptotes, if any exist for the function. T f(x) = x+81
-
4. Oh no! Prof. Conlin was doing the dishes, but ran out of space on his drying rack. He decided to set the last two bowls on a towel on the counter to dry. He wondered, "To make sure they get dry,...
-
It has been assumed so far that the firm will operate a project over its full physical life. However, may not be the best option - it may be better to abandon a project prior to the end of potential...
-
33-34 Find (a) f + g, (b) f- g, (c) fg, and (d) f/g and state their domains. 33. f(x)=25-x, g(x) = x+1 ===== 1 34. f(x)= x-1' 9(x)=-2 X
-
Describe five steps independent auditors take when auditing an organization. -An independent auditor, often a public accounting firm, begins an audit by studying the business. This approach helps to...
-
Find the present value of the ordinary annuities in Problems 21-32. Amount of Deposit m 27. $200 Frequency n quarterly Rate r 8% Time t 20 yr
-
Assume you are the accountant for Catalina Industries. John Catalina, the owner of the company, is in a hurry to receive the financial statements for the year ended December 31, 20X1, and asks you...
-
Palmer, Inc., has a net operating loss carry forward of $100,000. If Palmer continues its business with no changes, it will have $50,000 of taxable income (before the NOL) in both 2014 and 2015. If...
-
Mauve Supplies, Inc., reports total income of $120,000. The corporation's taxable income is $105,000. What are Mauve's marginal, average, and effective tax rates?
-
Mauve Supplies, Inc., reports total income of $120,000. The corporation's taxable income is $105,000. What are Mauve's marginal, average, and effective tax rates?
-
Bought an old van for 4000 from Peters promising to pay laterwhat is the transactions
-
Company has a following trade credit policy 1/10 N45. If you can borrow from a bank at 9,5% annual rate, would it be beneficial to borrow money and pay off invoices earlier?
-
Given the following exchange rates, which of the multiple-choice choices represents a potentially profitable inter-market arbitrage opportunity? 129.87/$1.1226/$0.00864/ 114.96/ B $0.8908/ (C)...
Study smarter with the SolutionInn App