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kondaur [170]
3 years ago
10

White Corporation, a closely held personal service corporation, has $150,000 of passive activity losses, $120,000 of active busi

ness income, and $30,000 of portfolio income. How much of the passive activity loss can White Corporation deduct? a.$0 b.$30,000 c.$120,000 d.$150,000 e.None of these choices are correct.
Business
1 answer:
LenKa [72]3 years ago
3 0

Answer:

correct option is a.$0

Explanation:

given data

passive activity losses = $150,000

active business income = $120,000

portfolio income = $30,000  

to find out  

how much passive activity loss can White Corporation deduct

solution

as per given we know that here white corporation is a Personal Service Corporation

so that it is not deduct the passive loss against the portfolio income

so correct option is a.$0

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sergij07 [2.7K]

When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by <u>selling common stock</u>. Long-term funding can be defined as any financial tool with maturity going beyond one year (such as bank loans, bonds, leasing and other forms of debt finance), and public and private equity instruments.

<h3>What is a retained earnings?</h3>

Retained earnings are the total of profit an establishment has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders.

Therefore, the correct answer is as given above

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8 0
1 year ago
Which of the following represent features of evidence-based practice?
Delicious77 [7]

Answer:

all of the above

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7 0
3 years ago
Read 2 more answers
Monopolistic competition means:
rjkz [21]

Answer: Option C

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Hence, from the above explanation we can conclude that option C is correct.

3 0
3 years ago
Peng Company is considering an investment expected to generate an average net income after taxes of $3,300 for three years.
nikdorinn [45]

Answer:

3482.12

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow = net income + depreciation = 16,200 + 3300 = 35,700

($56,100 - $7500) / 3 = 16,200

Cash flow in year 0 = 56,100

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3 0
3 years ago
Suppose a firm’s managers receive bonuses that increase with the size of the firm’s ROE, which was 30% last year and is forecast
kherson [118]

Answer:

.b. The new project should be rejected because, if it is accepted, the firm's ROE will decline from 30% because the new ROE will be a weighted average of the old 30% and the 20% returns on the new investment

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3 0
3 years ago
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