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
grin007 [14]
3 years ago
5

Rubio recently invested $20,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $15,000. In addi

tion, Rubio’s share of the limited partnership loss for the year is $22,000, his share of income from a different limited partnership was $5,000, and he had $40,000 in wage income and $10,000 in long-term capital gains.
. How much of Rubio’s $22,000 loss is allowed considering only the tax basis loss limitations?


How much of the loss from part (a) is allowed under the at-risk limitations?


ow much of Rubio’s $22,000 loss from the limited partnership can he deduct in the current year considering all limitations?
Business
1 answer:
Sindrei [870]3 years ago
7 0

Answer:

Please see attachment .

Explanation:

Please see attachment .

You might be interested in
McGuire Company acquired 90 percent of Hogan Company on January 1, 2010, for $234,000 cash. This amount is reflective of Hogan's
anzhelika [568]

Answer:

D. $1,800 Decrease

Explanation:

                                       book value      Fair value       adjustment

01 Jan                             10,000               8,000             2,000

Depreciation                  -1000                 -800                  -200

31 Dec                             9,000                7,200              1,800 Decrease  

5 0
3 years ago
MBO works by objectives moving through the organization; that is, top managers set general organizational objectives, which are
vagabundo [1.1K]

Answer:

D. cascade down

Explanation:

Based on the information provided within the question it seems that this is an example of MBO working as objectives cascade down through the organization. This can be said since the organizational goals/objectives start at the top of the organization (executives and managers) and move down through the organizational hierarchy to the lower level employees. Thus cascading down.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
2 years ago
Economists emphasize importance equilibrium markets because
aalyn [17]
Because the conduct of purchasers and merchants will naturally manage the market toward the balance cost and amount. 
Economic equilibrium is a condition or state in which financial strengths are adjusted. Financial harmony may likewise be characterized as the time when supply measures up to interest for an item, with the balance cost existing where the theoretical free market activity bends cross.
3 0
2 years ago
When comparing absorption costing and variable costing, if units produced are units sold, what is the effect on net operating in
11111nata11111 [884]

Answer:

The Net Operating income will be the same for both methods.

Explanation:

Net Operating income under absorption costing and variable costing methods usually differ because of existence of inventory.

Fixed overheads are deferred in Inventory when using absorption costing. Meaning that a higher income is obtained under absorption costing than variable costing when there is inventory and a lower income under absorption costing than variable costing.

When units produced are units sold, there is no inventory. Therefore, the Net Operating income will be the same for both methods.

8 0
2 years ago
What are resources needed to build a house
anastassius [24]
You could Google this.
4 0
2 years ago
Read 2 more answers
Other questions:
  • If bonds are issued at 101.25, this means that ____________________
    15·1 answer
  • Establishment's liquor license was revoked because of service to minors what liability was involved
    9·1 answer
  • Round Dot Inns Is preparing a bond offering with a coupon rate of 6 percent, paid semiannually, and a face value of $1,000. The
    13·1 answer
  • just paid an annual dividend of $3.00 per share last year. Management just announced that future dividends will increase by 2 pe
    10·1 answer
  • 290. Many states, in search of industries that are clean, fast-growing, and pay good wages to skilled workers, are trying to att
    8·1 answer
  • What is a database query?
    9·2 answers
  • Zibb is a transnational electronics company based in Germany. It has factories in China, Mexico, and India. The company aims to
    11·1 answer
  • The ability to interact, be responsible, persevere, be a team player, be motivated, and problem solve are examples of __________
    11·2 answers
  • What are the five forms of Utility?
    15·1 answer
  • Match the factors to the target capital structure preferred.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!