Answer:
As in her worthless note,Sandy has a zero adjusted basis. Her bad debt deduction is Nil according to Section 166 (b).
Section 166(g)(1) states that her capital loss realized on the deemed sale of this stoke is also nil because of zero adjusted basis in her worthless stock.
According to Reg. Sec.1.1366-2(a)(5) if all of her stock is disposed by an S corporation shareholder and loss carryforward attributable to the Section 1366 (d) basis. Limitaitons are permanently disaalowed.
Hence, her $7,400 ordinary loss carryforward can never be deducted by Sandy.
Sandy has no 2012 tax consequences from worthlessness of her Lindlee investments
Answer:
Hometown cooking, A restaurant, is owned and operated be Mrs.Jones.
Explanation:
Have a nice day :3
Answer: b. Economies of Scope
Explanation:
Economies of Scope refers to a situation where a company is able to reduce the cost of producing two or more goods by combining their production thereby leading to savings in the production process.
Economies of Scope in effect points out that there are some goods that when produced in tandem with another, lead to a cost reduction which means that its savings is <em>based on variety</em>.
Goods that usually achieve Economies of Scope are goods that are compliments, produced by similar methods or use similar inputs for production.
Firm A merging with Firm B produced the 5 radios and batteries cheaper so the new company is experiencing Economies of Scope.
Answer:
Explanation:
Do you have choices for this question?
Answer:
The labor force is 140 million.
Explanation:
The working-age population refers to the portion of the population that is of the working age. It does not include children and old people.
People who have a job or business are considered employed.
The workers who do not have a job and are actively looking for one are considered unemployed.
Those workers who do not have a job and are not actively looking for one are called discouraged workers.
Working-age population = 200 million
Number of people employed = 135 million
Number of discouraged workers = 10 million
Number of people unemployed = 5 million
Labor force = Number of people employed + Number of people unemployed
Labor force = 135 million + 5 million
Labor force = 140 million
