Answer:
Charu Khanna
The Net capital loss is:
= $2,000.
Explanation:
a) Stock Transactions and Data during 2019:
Stock Date Date Sold Sales Price ($) Cost Basis ($)
Purchased
4,000 shares Green Co. 06/04/07 08/05/19 12,000 3,000
500 shares Gold Co. 02/12/17 09/05/19 54,000 62,000
5,000 shares Blue Co. 02/04/08 10/08/19 18,000 22,000
100 shares Orange Co. 11/15/18 07/12/19 19,000 18,000
Total $103,000 $105,000
Net capital loss:
Long-term capital loss = $3,000
Short-term capital gain = $1,000
Net capital loss = $2,000 ($3,000 - $1,000)
Answer:
We do this so that people can see your business and how it is
The economic principle of substitution says that when there are two houses in the same neighborhood with the same size, appeal, and utility, the lower-priced one will tend to sell first.
<h3>The economic principle of substitution</h3>
- According to the principle of substitution, the cost of purchasing a substitute that is just as desired tends to establish the upper limit of value, assuming no inopportune delays.
- A shrewd investor would not spend more on an asset that generates income than it would cost to construct or buy an asset of a similar nature.
- According to this theory, the cost of acquiring a comparable substitute property with the same use, design, and revenue determine the maximum value of a property in most cases.
- For instance, why would somebody pay $1,000,000 for a home when they could pay $750,000 for a different but as appealing home in the same neighborhood?
To learn more about the economic principle of substitution refer to:
brainly.com/question/9659517
#SPJ4
Answer and Explanation:
The journal entry to record the tax provision is given below:
Income tax expenses $48,840,000
Deferred tax assets ($10,900,000 ×0.40) $4,360,000
To Deferred tax liability (($15,900,000 + $1,900,000)×0.40) $7,120,000
To Income tax payable ($129,000,000 ×0.40) $51,600,000
(To record income tax expenses)
Here the income tax expense and deferred tax asset should be debited as it increased the asset and expenses and credited the liability & tax payable as it increased the liability
