Answer:
the amount of his long-term capital loss carryover to 2019 is $2,000
Explanation:
(1000+4000-3000)
The Basics
Capital losses are, of course, the opposite of capital gains. When a security or investment is sold for less than its original purchase price, then the dollar amount of difference is considered a capital loss. For tax purposes, capital losses are only reported on items that are intended to increase in value. They do not apply to items used for personal use such as automobiles (although the sale of a car at a profit is still considered taxable income).
Tax Rules
Capital losses are reportable as deductions on the investor’s tax return, just as capital gains must be reported as income. Unlike capital gains, capital losses can be divided into three categories. Realized losses occur on the actual sale of the asset or investment, whereas unrealized losses are not reportable.
For example, an investor buys a stock at $50 a share in May. By August, the share price has dropped to $30. The investor has an unrealized loss of $20 per share. He holds on to the stock until the following year, and the price climbs to $45 per share. He sells the stock at that point and realizes a loss of $5 per share. He can only report that loss in the year of sale; he cannot report the unrealized loss from the previous year.
Answer:
Decrease assets and decrease stockholders equity
Explanation:
Shareholders of the Company are rewarded for their contribution through dividends.
<u>Declaration and payment of a cash dividend results in the following journal :</u>
<em>Dividend (debit)</em>
<em>Cash (credit</em>)
Thus,
The Owners Equity Decrease whilst the Assets Account (Cash) Decreases
The correct answer is d, public goods.
The definition of a public good is a good or service that is nonrivalrous and nonexclusive. This means that individuals cannot be excluded from the use of the good or it can be enjoyed without paying for it, and use by one individual does not prevent others from using it.
Among the luxury goods produced in Mongolia are luxury clothing made from the finest wools, hides, and skins there. The country also exports machinery and equipment. The Republic of China is the leading trading partner of Mongolia accounting to a percentage about 95.5%.
<span>The doctrine of egalitarianism is a vital piece of documentation that presents insight into the needs for equal economic opportunity and distribution of income and social services across the masses. This is due to the ideal that all individuals in a society need to be cared for for it to be successful.</span>