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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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Charmingbells inc. has been running into a loss gradually, but the board of directors are reluctant to shut the company down bec
Elena L [17]
The situation best outlines Competitive Failure. In financial aspects, advertise disappointment is a circumstance in which the portion of products and ventures isn't proficient. That is, there exists another possible result where no less than one individual might be improved off without exacerbating another person off.
6 0
3 years ago
Read 2 more answers
The "invisible hand" refers to a. the government. b. the free market. c. central planners. d. large businesses.
Gnom [1K]

Answer:

Free market

Explanation :

In a free market economy, the law of organic market, as opposed to a focal government, manages generation and work.  

the free market is a monetary framework dependent on organic market with next to zero government control.  

In view of its political and lawful principles, a nation's free market economy may extend between extremely huge or altogether bootleg market.

3 0
3 years ago
Refer to the accompanying consumption schedule in an economy. All figures are in billions of dollars. If gross investment is $34
dezoksy [38]

Answer:

C+$64

Explanation:

The GDP measures the market value of all good and services produced in an economy (country or region) in a specific period of time. It is calculated by this formula:

GDP= Consumption (C)+ Investment (I)+ Government expenditure ()+ Net exports (exports-imports)

A lump-sum tax at all levels of GDP means that no matter what GDP value is, the tax will be the same amount. If the tax is collected by the government then the GDP will increase because the government expenditure is income ( most of them are taxes) minus expenses ( public investment in education, health, etc)

GDP= C+$34+$30+0

After tax, the equilibrium level of GDP will be C+$64

8 0
3 years ago
Alma owns fifty shares of common stock in Alpha Corporation. Alma also owns eighty shares of preferred stock in the same corpora
andreyandreev [35.5K]

Given the situation described above, Alma will be able to cast <u>50 votes</u>.

This is because common stock gives voting rights to shareholders. And given that Alma has 50 shares of common stocks. Therefore, he would be able to cast 50 votes.

On the other hand, preferred stocks give no voting rights to shareholders.

However, preferred shareholders have preference over a company's revenue or earnings, which implies that they are paid dividends before common shareholders.

Hence, in this case, it is concluded that the correct answer is "50 votes."

Learn more here: brainly.com/question/3518273

3 0
2 years ago
Suppose the fixed interest rate on a loan is​ 5.75% and the rate of inflation is expected to be​ 4.25%. The real interest rate i
Alex

Answer:

Lenders loose and borrowers gain

Explanation:

Whenever inflation increases the value of money falls and technically erodes interest rates (hence real interest rate falls although nominal rate stays the same)

In the scenario, if the inflation rate rises to 5.5%, then the real interest rate falls further from 1.5% to (5.75% - 5.5%) 0.25%, demonstrating that the lender is loosing further.

Contrarily, the borrower will technically be paying lesser interest to the lender because he will be paying lesser money in value to the lender both in terms of interest and principal

8 0
3 years ago
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