James_Holliday_Week 4 - Problem 12-34 $(900) Resulting from...

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Problem 10-47 Gross profit rate 75% Year 2009 $15,000 Years 2010-2013 $11,250 Problem 11-40 a) Recognized gain $- Basis $140,000 b) Recognized gain $40,000 Basis $120,000 c) December 31, 2011 d) December 31, 2010
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Unformatted text preview: Problem 12-34 $(900) Resulting from fair market value Problem 12-48 Personal Casualty Gain $15,000 Personal Casualty Loss $2,500 Long Term Capital Gain $12,500...
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This note was uploaded on 05/01/2011 for the course FINANCE 516 taught by Professor Anderson during the Spring '11 term at Keller Graduate School of Management.

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