Answer:
c. None of the choices are correct
Explanation:
Calculation of capital gain
Basis of stock $35,000
Allocated ordinary income $12,000
Total basis $47,000
Amount distributed $40,500
Therefore, Since basis is more than distribution capital gain, The capital gain is $0.
<span>When more than one of more of the central banks try to shift the exchange rates it is referred to as a market shift. These market shift occur periodically based on inflation and interest rates.</span>
Answer:
True
Explanation:
Efficiency related expenditures are more closely with day-to-day servicing of the machine. Such an expenditure just maintains machine's capacity to save the future economic benefits rather than improve its capacity.
Answer:
three Economic Impact Payments
Explanation:
Recovery rebate credits (Economic Impact Payments) for 2020 and 2021. To provide financial relief during a pandemic, many Americans received three Economic Impact Payments (EIP) in 2020 and 2021. The third payment, which began rolling out in March 2021, served as an advance payment of the 2021 Recovery Rebate Credit.
