Answer:
No
Explanation:
It would be an out of pocket cost
Answer:
False
Explanation:
The change in inventory balance in a period is usually due to purchases and sales. The period opening and closing balances are connected as such;
Opening balance + purchases - cost of goods sold = ending balance
Hence overstating the ending balance results in an understatement of cost of goods sold thereby resulting in an overstatement of net income and retained earning.
The retained earnings is a component of the stockholder's equity hence it is overstated as well. Inventory is an asset, so overstating it is equivalent to overstating the assets balance.
Answer:
a) Ending adjusted basis and at-risk amount $ 0
(b)The current passive loss is $12,000. Because $7,500 of the loss is used to reduce
the at-risk amount to $0, $4,500 is suspended under the at-risk rules ($12,000 − $7,500 = $4,500).
(c) The $7,500 loss that is not limited by the at-risk rules is subject to the passive loss
rules. Because the taxpayer has not generated any passive income during the year, this $7,500 current-year passive loss is suspended. Therefore, the total suspended passive loss carried forward to subsequent years totals $9,000 ($7,500 current-year suspended loss + $1,500 prior year suspended loss).
Explanation:
Answer:
The fixture, is the right answer.
Explanation:
The “fixture” is the correct answer because the term fixture refers to the piece of equipment or furniture that is fixed in the house or stays at a fixed position in the building. For example, there are many things in the house that are used only at its fixed position like the AC in the room. Once the AC is installed in the room then it is stationary, no one gonna move it from its original place. Likewise in the question, it is about the ceiling fan and the fan is also stationary as it stays at a fix position.
The agreement stage incorporates four key problem-solving steps. Each is briefly described below:
- Brainstorm as many solutions as possible: in the first step, several possible solutions to a problem are analyzed so that the best optimal solution can be considered.
- Develop an action plan: in this stage, a comprehensive plan is developed in which tasks are assigned to respective individuals with the resources to be used and the required amount of time to complete the tasks.
- Implement the action plan: this is the execution phase where the actual implementation of tasks is performed based on the requirements mentioned in the action plan.
- Evaluate outcomes and the process: this is the last step in which generated results and outcomes are evaluated to check if they are implemented as intended.
You can learn more about problem-solving steps at
brainly.com/question/13652942
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