Answer:
Sharrod's deductible loss = stock basis + long term capital gains - cash distribution = $140,000 + $21,000 - $84,000 = $77,000
Sharrod's suspended loss = share of ordinary loss - deductible loss = $84,700 - $77,000 = $7,700
Sharrod's new basis in Kaiwan stock = $0
Explanation:
Sharrod's loss cannot be greater than his basis, that is why only $77,000 can be deducted and $7,700 can be carried forward.
Answer:
feedback on customer service
The correct answer is C) imports will decrease and exports will decrease by an equal amount.
In a small open economy with a floating exchange rate, if the government imposes a tariff on foreign goods, then in the new short-run equilibrium: imports will decrease and exports will decrease by an equal amount.
In a floating exchange rate, the currency price of the nation is set by supply and demand. The forex market allows supply and demand to determine the currency exchange rate. The opposite of this situation is a controlled rate in countries where the federal government exert control to the currency.
Gaining things out of it the seller gets money and the buyer gets something new