1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andreas93 [3]
3 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]3 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.

You might be interested in
According to the law of diminishing marginal returns rev: 06_26_2018 Multiple Choice total product will fall and then rise as ad
IgorLugansk [536]

Answer:

The correct answer is: the additional product generated by additional units of an input will eventually diminish.

Explanation:

The law of diminishing marginal returns states that with each additional unit of input employed the marginal product of each additional input will go on declining.

This is why the total product will increase at first but after reaching a certain point it will start declining. The total product will be maximum at the point where the marginal product is zero. When marginal product becomes negative the total product will decline.

8 0
3 years ago
Read 2 more answers
In a minimum 200 words explain the idea behind the balance of power. How did this concept play itself out in Europe? How was thi
Ket [755]

Answer:

Hi

It meant a political situation among the states in which none of them achieved a power superior to the others. It is an idea of the late Middle Ages, applied to major or minor geographic regions that comprise the plurality of sovereign territories. Throughout Europe there is a legitimate feeling, always subject to interpretation, whereby any action required the confirmation of the rest of the States, the most significant case being the invasion of a territory. In this way the doctrine of just war was reached, to the problem of to what extent and to what extent the actual or imminent engraving of a State could mean a warlike justification. Transactions between contestants, neutral or rival, never ended, hence the relevance of diplomacy, as the concepts of balance, neutrality, freedom of Europe or sovereignty are interpreted continuously, while being used in conversations. Some thought of equilibrium as a natural system, because it was a consequence of international relations, and when a great power had too much force it threatened the others, and therefore, had to counteract the disproportion. Others considered it a desired goal for which he had fought.

In the rest of the world this balance of powers is characterized by the profusion of dictatorial or authoritarian regimes that have dominated the political scene and that have influenced the future of their peoples. A second point is the emergence of serious and bloody war conflicts, by territorial issues, which is not explained very well both in its unleashing and in its results, as consequences of the mere quantification of the powers faced. In all these, both in its gestation and its consequences, the role it plays in the character, personal ambitions and strategic conceptions of the leaders or rulers who govern the destinies of the countries involved appears with particular relevance.

Explanation:

7 0
3 years ago
The three areas in which Americans spent most of their money are
algol13
B clothing, entertainment, and health care
4 0
3 years ago
Marginal cost is equal to average total cost when a. average variable cost is falling. b. marginal cost is at its minimum. c. av
atroni [7]

Answer: C

Explanation: average total cost is at its minimum

3 0
2 years ago
About how many federal law enforcement offices ate employed in the United States
koban [17]

Answer:

Approximately 18,000

Explanation:

6 0
3 years ago
Read 2 more answers
Other questions:
  • What two task does a public affairs officer do?
    10·1 answer
  • Market research should be conducted:
    11·1 answer
  • North Bank is analyzing Belle Corp.'s financial statements for a possible extension of credit. Belle's quick ratio is significan
    10·1 answer
  • In recent times, the value of "currency" as well as "checkable deposits" was about $___________ billion each.
    15·1 answer
  • World Grocer sells high-quality products and grocery items that are unique to its highly populated area; in addition, it offers
    8·1 answer
  • Self-confident people tend to be willing to take more ________, which helps build more relationships.
    6·1 answer
  • You are working closely with an experienced associate. He insists on completing a task a certain way, but you know there is a mo
    11·1 answer
  • Cinnamon Buns Co. (CBC) started 2021 with $61,500 of merchandise on hand. During 2021, $299,000 in merchandise was purchased on
    12·1 answer
  • What is the primary purpose of a mission statement
    13·1 answer
  • Your project sponsor is Shirley, the Chief Information Officer. She is a member of the hospital leadership team who controls the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!