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JulsSmile [24]
4 years ago
7

Ten years​ ago, Latesha acquired a one-third interest in Dana​ Associates, a​ partnership, for​ $26,000 cash. This​ year, Latesh

a's entire interest in the partnership is liquidated when her basis is​ $24,000. Dana's assets consist of the​ following: cash,​ $20,000; inventory with a basis of​ $46,000 and an FMV of​ $40,000. Dana has no liabilities. Latesha receives the cash of​ $20,000 in liquidation of her entire interest. What is​ Latesha's recognized loss on the liquidation of her interest in​ Dana?A. y B $4,000 short-term capital loss and $2,000 ordinary loss B. $4,000 long-term capital loss C. $4,000 long-term capital loss and $2,000 ordinary lossD. $0.
Business
1 answer:
Crazy boy [7]4 years ago
6 0

Answer:

B. $4,000 long-term capital loss

Explanation:

Please see attachment .

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Define liquidity. Rank the following assets in terms of liquidity, from most to least liquid: money market mutual fund, savings
valina [46]

Answer:

Liquidity: amount of cash or cash equivalents and its primary feature of converting quickly into money without losing any of it current value.

1)_ Dollar bill

2)_ Saving account

3)_ Checking account

4)_ Gold bar

5)_ Corporate stock

6)_ Money market mutual fund

7)_ House

Explanation:

To begin with, the liquidity is the feature of those assets to converting the most quickly as possible in cash and therefore the the most liquid asset is properly the dollar bill and the less liquid asset is the house due to the fact that it could take years to sell by a proper offer and becoming actual cash. In conclusion, it works that way with all the other assets, the liquidity of each one is higher or lower depending on the quickness of converting into cash.

3 0
3 years ago
Holly files an employment discrimination suit against Industrial Corporation under Title VII of the Civil Rights Act on a dispar
Zinaida [17]

Answer:

D) seniority system

Explanation:

A disparate treatment (or impact) by an employer refers to a claim that an employer is treating an employee differently than others not publicly or directly, but that discrimination produces a negative effect.

Title VII of the Civil Rights Act protects employees from discrimination based on gender, race, color, national origin and religion.

3 0
3 years ago
To have an effective marketing exchange process, you must make sure it involves a customer, a provider, a product, and a:
k0ka [10]
1) lawyer


I hope this is right

5 0
4 years ago
Familiar routes to and from commonly visited areas create an individual's:
Artist 52 [7]
<span>Can create mental map of the chosen routes. By following certain routes on a daily basis, a person can mentally remember how to get to destination without having to do recalling that anyone would do when they haven't fully remember how to get there. There wouldn't be a need to use GPS or mapping app, if he or she can recall how to get there.</span>
5 0
3 years ago
Jordan routinely eats an early lunch around 11:00 am. even if there's no clock in sight, jordan can tell when it's almost 11:00
Minchanka [31]
Given that <span>Jordan routinely eats an early lunch around 11:00 am. Even if there's no clock in sight, Jordan can tell when it's almost 11:00 am because he feels hungry and wants to eat.

The explanation that accounts for this is </span>Jordan has become classically conditioned so that the time of the day, 11 AM, is a conditioned stimulus (CS) for him, triggering internal bodily changes that increase his desire to eat.
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3 years ago
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