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AleksandrR [38]
4 years ago
9

On January 2, 2019, David loans his S corporation $10,000. By the end of 2019 David's stock basis is zero and the basis in his n

ote has been reduced to $8,000. During 2020, the company's operating income is $10,000. The company makes 2020 distributions to David of $11,000. David reports a(n
Business
1 answer:
Aleonysh [2.5K]4 years ago
6 0

Answer:

2000LTC

Explanation:

From the given data, the distribution which is $8000 will be subtracted from $10000 which is David's stock basis and this will remain l $2000

That is to say

($10000-$8000) = $2000 As the

stock basis.

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irinina [24]

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3 years ago
Process re-design:_______. a. is the fundamental re-thinking of business processes. b. is sometimes called process re-engineerin
Igoryamba

Answer:

<h2>In this case,the correct answer would be option e. or all of these.</h2>

Explanation:

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