Tony and Faith Sell Their Home for $495,000,incurring Selling Expenses

question 90

Short Answer

Tony and Faith sell their home for $495,000,incurring selling expenses of $25,000.They purchased the residence for $85,000 and made capital improvements totaling $20,000 during the 20 years they lived there.What is their realized gain and recognized gain on the sale?
$\begin{array}{cc}\text { Realized } & \text { Recognized } \\a.\$ 365,000 & \$-0- \\b.\$ 365,000 & \$ 115,000 \\c.\$ 385,000 & \$ 135,000 \\d.\$ 385,000 & \$-0- \\e.\$ 390,000 & \$-0-\end{array}$

Identify the limitations and strengths of different decision-making processes, including MAU.

Understand the principles and benefits of quality circles in organizational settings.

Recognize the strategies and limitations of capacity-building for community organizations.

Gain insights into effective focus group planning, moderation, and agenda setting.

---

Definitions:

Reverse Reaction

A chemical reaction in which the products reform the original reactants, effectively reversing the forward reaction.

Total Bond Energy

The sum of all the energy required to break all the bonds of a molecule into its constituent atoms, reflecting the stability of the molecule.

Potential Energy

Stored energy; energy that can do work as a consequence of its position or state. Compare with kinetic energy.

Chemical Bond

The force that holds atoms together in molecules or compounds through the sharing or transfer of electrons.