Answer:
got to their page and press friend
Explanation:
Answer:
Sharrod's deductible loss = stock basis + long term capital gains - cash distribution = $140,000 + $21,000 - $84,000 = $77,000
Sharrod's suspended loss = share of ordinary loss - deductible loss = $84,700 - $77,000 = $7,700
Sharrod's new basis in Kaiwan stock = $0
Explanation:
Sharrod's loss cannot be greater than his basis, that is why only $77,000 can be deducted and $7,700 can be carried forward.
Answer:
$9,215
Explanation:
Given that,
Bank balance = $8,300
Outstanding checks = $650;
Deposits in transit = $1,300;
Bank service charges = $53
Bank error = $265
Book cash balance:
= Bank balance - Outstanding checks + Deposits in transit + Bank error
= $8,300 - $650 + $1,300 + $265
= $9,215
Therefore, the correct cash balance at the end of the month is $9,215.
Answer:
The GDP in year five, stated in terms of year-one dollars, is approximately $12 trillion.
Explanation:
This can be calculate using the following formula:
Real GDP in year five = Nominal GDP in year five / (GDP price deflator in year five / GDP price deflator in year-one) ................... (1)
Where;
Real GDP in year five = Amount of GDP in year five, stated in terms of year-one dollars = ?
Nominal GDP in year five = $15 trillion
GDP price deflator in year five = 125
GDP price deflator in year-one = 100
Substituting the into equation (1), we have:
Real GDP in year five = $15 / (125 / 100) = $15 / 1.25 = $12 trillion
Therefore, the GDP in year five, stated in terms of year-one dollars, is approximately $12 trillion.
Answer:
c. Debit to Long Term investments for $2,250
Explanation:
The investment have increased therefore it will be debited with corresponding effect to unrealized gain on such investment.
Option C is correct.