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Andreas93 [3]
4 years ago
15

Typing, Inc. has been an S corporation since its inception. On July 4, 2019, Typing distributed $50,000 to Jerusha. Her basis in

Typing stock on January 1, 2019, was $35,000. For 2019, she was allocated $6,000 of ordinary income from Typing and no separately stated items. What is the amount of income Jerusha recognizes related to Typing in 2019?
Business
1 answer:
lisabon 2012 [21]4 years ago
3 0

Answer:

Answer is $15,000

$6,000 share of ordinary income plus $9,000 gain for a $50,000 distribution in excess of her $41,000 stock basis.

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Question 4
mariarad [96]

Answer:

true

Explanation:

7 0
4 years ago
Read 2 more answers
After a firm has conducted a SWOT analysis, it would typically progress to the next step of marketing planning, which is _______
Alona [7]

Answer:

C. identifying and evaluating opportunities

Explanation:

Following the situation review, the third step in the marketing planning stage includes finding prospects through STP. According to specialists, opportunity evaluation is intended to determine opportunities in the future and to recognize rich assets that the businessman can handle and use.

3 0
3 years ago
The listening gap is understood to be the difference between ________. Group of answer choices A. The speed of sound and the spe
diamong [38]

Answer: the speed at which the brain can comprehend communication and speed at which the average adult speaks

Explanation:

Listening is a primary skill that is used by most individuals to gather information.

The listening gap is understood to be the difference between the speed at which the brain can comprehend communication and speed at which the average adult speaks.

3 0
4 years ago
Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product. The
Rus_ich [418]

Answer:

Direct material quantity variance= $840 unfavorable

Explanation:

Giving the following information:

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product.

The company used 630 pounds of direct materials to make the 7,000 units.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (600 - 630)*28

Direct material quantity variance= $840 unfavorable

3 0
3 years ago
Q1. While walking to the local electronics store, MusicLover ponders his desire for a high-end noise cancelling headset with sof
spayn [35]

Answer: b. $200

Explanation:

A person's willingness-to-pay refers to the maximum price they would be want to pay for a good or service. For instance, if you refused to pay more than $25 for a jar of honey, your willingness-to-pay for the jar of honey is $25.

In this scenario, MusicLover will buy the headset if they are $195 but not if they are $210. His willingness to pay is therefore between $195 and $210. From the options, the only figure in that range is option B with $200.

4 0
3 years ago
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