Under the Terms of a Divorce Agreement Dated January 1,2017,Edmond

question 119

Essay

Under the terms of a divorce agreement dated January 1,2017,Edmond was to pay his wife Donna $3,000 per month in alimony and $500 per month in child support.Payments began on January 1,2017.In addition,Donna received the family residence with a cost basis of $210,000 and a fair market value of $260,000.
a.What is the amount that Donna must include in income for the twelve-month period ended December 31,2017?
b.What is the basis in the home which Donna received as a result of the divorce?

Explain the vulnerability of coral-dinoflagellate mutualism to environmental changes.

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Definitions:

Direct Material Price Variance

Direct material price variance is the difference between the actual cost of materials used in production and the expected (or standard) cost, indicating how effectively a company manages its resource costs.

Actual Production

Refers to the quantity of goods that have been produced within a given time frame, as opposed to planned or theoretical production levels.

Direct Labour Variance

The difference between the actual direct labor costs incurred and the standard costs for the actual production achieved.

Direct Labour Standards

Benchmarks for the amount of labor time that is expected to be necessary to produce a unit of product or to complete a process.