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dalvyx [7]
4 years ago
12

Larry recently invested $25,800 (tax basis) in purchasing a limited partnership interest in which he will have no management rig

hts in the company. His at-risk amount is also $25,800. In addition, Larry’s share of the limited partnership loss for the year is $3,940, his share of income from a different limited partnership was $2,700, and he has $3,900 of dividend income from the stock he owns. How much of Larry's $3,940 loss from the limited partnership can he deduct in the current year?
Business
1 answer:
VMariaS [17]4 years ago
8 0

Answer:

$2,700

Explanation:

The $2,700 would be deducted in the current year as it reflects the share of the income from different limited partnerships.  

The invested amount, risk amount, limited partnership loss, dividend income is not be considered for the computation part is we have to find out that amount which is deducted. These items are irrelevant. Hence ignored it .

Larry should be deducted up to its sharing income. So, we consider only $2,700

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The Wyeth Corporation produces three products, A, B, and C, from a single raw material input. Product A can be sold at the split
Degger [83]

Answer:

It is preferable to further process Product A.

Explanation:

Product should be processed further before sale if the net incremental benefits from further processing is positive.

The net incremental benefits from further processing is increase in revenue when further processed less further costs of processing.

Increase in revenue=$58,000-$40,000

                                 =$18,000

Further processing costs=$15,000

Net incremental benefits=$18,000-$15,000

Net incremental benefits=$3,000

Since processing further brings a net benefit of $3,000, Product A should be further processed before being sold.

8 0
3 years ago
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Dr. Bernanke argued two problems contributing to the financial crisis included:________.
nydimaria [60]

Answer:

D. banks reliance on long term funding; and increased use of non-standard mortgages such as fixed rate, 30- year mortgages.

Explanation:

Dr. Bernanke argued that financial crisis is due to the banks involving in non standard mortgages which are fixed rate mortgages but they are not regulated. The bank provides loans and mortgages to people based on the standard regulations which need to be followed. They financial crisis took place when the mortgages were provided on non standard terms.

4 0
3 years ago
The U.S. Securities and Exchange Commission periodically charges individuals with insider trading and claims those individuals h
Delicious77 [7]

Answer:

The correct answer is option d.

Explanation:

The effficent market hypothesis is an investment theory which advocates that the stock prices reflect all the available information. As a result, stocks are always traded at their fair value.

The strong form of efficient market says that stock prices reflect all information whether public or private.

This implies that investors cannot have more than normal profits. In the above example, the investors are able to make profit through insider information. This means that the market is less than strong form efficient.

6 0
4 years ago
Blanche Corporation adds materials at the end of the process in the injection department, which is the second of two stages of i
inn [45]

Answer:

The material cost of the work in process at March 31 is d. $0

Explanation:

Note: Equivalent unit of Work in process of Material is 0 as material are added at the end of process which leads to total cost of material of work in proccess = 0.

3 0
3 years ago
_____ affects the perceptual process because employees are more likely to remember information that is consistent with their sel
Pie

Answer:

Self-Verification

Explanation:

Self-verification refers to verify themselves by other peoples. How other people understand them based on their feelings, beliefs, etc. In other words we can say self views that also includes self concepts and self esteem

In the given situation, since it affects the perceptual process as we recognized that the employees have a good memory with respect to self concept and especially negative information

8 0
3 years ago
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