The SSC Partnership balance sheet includes the following assets on December 31 of the current year:

Business

1 answer:

erastovalidia [21]2 years ago

7 0

The amount and character of Susan's gain or loss from the sale is $10,000 capital loss; $20,000 ordinary income.

Explanation:

Susan's share of unrealized receivables is $20,000 ($60,000 unrealized receivables into 1 by 3 interest). Susan will thus in the books record $20,000 of ordinary income and a $10,000 capital gain.

Susan’s share of unrealized receivable is $ 20000. Susan will recognize $20000 of ordinary income and a $10000 capital gain determined as the differnce the option shall be between the total gain of $30000 and the ordinary income of $20000. The answer from the given option is $10,000 capital loss; $20,000 ordinary income.

You might be interested in

Failure to adequately plan for retirement can result in

frutty [35]

I believe the answer is 'D. Additional Taxes'

Hope this helps.

5 0

3 years ago

In what ways do individuals make a difference in a firm’s commitment to ethics?

Sphinxa [80]

Individuals can make a difference in a firm’s commitment to ethics by making morally right decisions. Moral behavior is infectious and the acts of executives, managers, and employees do not go unnoticed by the individuals surrounding them.

8 0

2 years ago

Which of the following policies would dramatically and permanently reduce government outlays? Choose one or more: A. reducing th

8_murik_8 [283]

Answer: A. reducing the number of people eligible for Medicare and Medicaid by half

E. raising the age to receive Social Security to 75

Explanation: That’s correct! By raising the age to receive Social Security to 75 and reducing the number of people eligible for Medicare and Medicaid by half, the government would dramatically and permanently reduce its outlays because these are mandatory payments.

4 0

2 years ago

Briefly explain 3 ways in which multinational corporations are developed

NemiM [27]

<h2>Hiii</h2><h2>HERE'S YOUR ANSWER</h2>

<h3 />

Multinational Corporations (MNCs) set up their factories or production units close to markets where they can get desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions MNCs set up production units in the following ways :

(a) Jointly with some local companies of the existing country.

(b) Buy the local companies and then expand its production with the help of modern technology.

<h2>HOPE IT HELPS YOU OUT PLEASE MARK IT AS BRAINLIEST AND FOLLOW ME PROMISE YOU TO FOLLOW BACK ON BRAINLY.IN </h2>

4 0

3 years ago

The organization that works with companies on recalls of unsafe products (such as lead-paint laden Thomas the Train toys) is

Elza [17]

The organization that works with companies on recalls of unsafe products is known as The Consumer Product Safety Commission (CPSC)

<h3>What is Consumer Protection?</h3>

This refers to the agency or body that is charged with the quality of goods and/or services that consumers buy and use.

Hence, we can see that the Consumer Product Safety Commission (CPSC) in America is the agency that is charged with helping with the safe recall of defective or unsafe products to protect the consumers.

Read more about consumer protection here:

brainly.com/question/15216453

5 0

2 years ago