Answer:
Retiring the oldest bond
Explanation:
Firms issue bonds to raise the funds. Firm has to pay dividend on those bonds and the ability of firm to pay dividend reflect the financial position of the firm. Thus, retiring the oldest bond in exposes company to the most risk of being issued an emergency loan
Answer:
Excess loss business is a situation where deduction exceeds the total income, like given in the above situation.
As per IRS for 2019,
New limitation is $150,000 of the disallowed business loss would be carried forward to 2019 as an additional NOL .
Therefore,
1) Tim has excess business loss of $ 205000
($580000 - $ 225000- $150000)
2) Tim may use $150000 of the $355000.
This is false because RECONCILE doesn’t compare your records.
