Yuna has owned and occupied her residence since August 18, Year 5. On May 12,...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Yuna has owned and occupied her residence since August 18, Year 5. On May 12, Year 12, Yunasold her home for $320,000. She paid $200,000 when she originally purchased the home. What is Yunas realized and recognized gain on the sale of her home?
Realized Recognized
$0 $0
$120,000 $120,000
$0 $120,000
$120,000 $0
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.