1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Step2247 [10]
3 years ago
12

In the current year, Ellen sold investment stock that she had owned for five years. The sale generated a loss of $5,000. Assumin

g she had no other asset sales during the year, how should Ellen handle the loss for the current tax year purposes?
Business
1 answer:
Harrizon [31]3 years ago
6 0

Answer:

Thecoreect answer is

Ellen can deduct $3,000 for AGI

good luck

You might be interested in
When the economy is operating at point C, the Federal Reserve may decrease the discount rate to
brilliants [131]

Answer:

D ; increase growth

Explanation:

The discount rate is one of the tools that the Federal Reserve uses to direct monetary policy.  Banks are subject to minimum reserves requirements. If a bank falls below this minimum, it can borrow from the banks with a surplus,  or borrow from the federal reserve. If it borrows from the Fed, the interest rate that applies is the discount rate. The discount rate is always higher than the fed fund rate; hence, banks use it as a last resort.

The discount rate and the fed rate have similar effects on the economy.  The Fed uses the discount rate to regulate the money supply in the country. When the growth in slow, the fed will reduce the discount rate.  A low discount rate means the cost of borrowing money goes down. The impact is that individuals and businesses will afford to borrow money for consumption and investment.

Increased levels of investments and consumption will mean a higher GDP, which is growth.

7 0
3 years ago
The question of when revenue should be recognized on the income statement according to GAAP is addressed by the:
sleet_krkn [62]

Answer:

a. Revenue recognition principle

Explanation:

The revenue recognition principle refers to the principle in which the revenues are recorded when it is realized or earned. It follows the accrual basis of accounting

It is not recorded when the cash is actually received.

When the sale is made, the same is to be shown in the books of accounts

Therefore as per the GAAP, the revenue should be addressed by revenue recognition

hence, the correct option is a.

4 0
2 years ago
Advice Florence and her team on how they can convince the staff using john kotter's theory to lead change
shtirl [24]

John Kotter’s theory for leading can help business staffs to improve their performance especially in completing assignments and improving teamwork.  His theory centers on eight steps:

1.       Creating urgency to spur change.

2.       Forming a powerful coalition from people of diverse talents.

3.       Make a vision of change that would inspire and rally your group.

4.       Communicate that vision so that all of you understand what needs to be done.

5.       Remove obstacles that would impede your goals.

6.       Create short-term wins that would help in the short run but will contribute in the long run.

7.       Build on change while the momentum is there.

8.       Anchor that change as a model for others to follow.

4 0
3 years ago
Identify two possible reasons for unemployment​
Vladimir79 [104]

Answer:

Frictional unemployment. This is unemployment caused by the time people take to move between jobs, e.g. graduates or people changing jobs. ...

Structural unemployment

Explanation:

3 0
2 years ago
Read 2 more answers
How do information systems improve relationships between businesses and customers?
Alisiya [41]
I think the answer is A
4 0
3 years ago
Read 2 more answers
Other questions:
  • Perine Company has 2,000 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and
    13·1 answer
  • NBB's focus on sustainability, whimsy, and fun is clearly rooted in its Colorado-based culture and the ethos of its founders and
    10·1 answer
  • In which industry is monopolistic competition most likely to be​ found?
    9·1 answer
  • Record the necessary entries in the Journal Entry Worksheet below
    6·1 answer
  • List the steps of the accounting cycle in their proper order.
    15·1 answer
  • A manager is interested in studying if there is a relationship between the gender of the order-taker and the amount of food orde
    12·1 answer
  • The use of sharp, temporary price cuts as a form of _________________ would enable traditional US automakers to discourage new c
    8·2 answers
  • Billie jean has $120 to spend and wants to buy either a new amplifier for her guitar or a new mp3 player to listen to music whil
    11·1 answer
  • • In Chapter 10, read the "Reading EnergyGuide Labels" section and complete
    14·1 answer
  • All counties in Texas have the same basic structure, as dictated by law, with little localized variation. Critics take issue wit
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!