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zavuch27 [327]
3 years ago
5

In the current year, Norris, an individual, has $52,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,800 and

a net long-term capital gain (NLTCG) of $2,900. From his capital gains and losses, Norris reports:
Business
1 answer:
Tanya [424]3 years ago
3 0

Answer:

The answer is an offset against normal income of $3,000 and a NSTCL move forward of $3,900.

Explanation:

Solution

Given that:

The net short term capital loss=$9800

The net Long term capital gain=$2900

The net short term capital loss is =$6900

Thus

In this case, 3000 is allowed to be set off against ordinary income and the balance of (6900 - 3000) = 3900 can be moved forward or over.

Therefore Norris report implies that an offset against normal income of $3,000 and a NSTCL carry forward of $3,900.

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I think what would fill that blank space would be failure due to the fact that something with his business may have gone wrong or a wrong transaction was made. But sometimes these things can actually be a major plus for them without them even realizing before they made the choice.
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Answer:

The Answer is:

Set consequences for poor performance

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Explanation:

I got it right trust

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3 years ago
Gordon Company reports the following information at the current fiscal year end of December 31: Common Stock, $0.10 par value pe
telo118 [61]

Answer:

$0.71

Explanation:

Calculation to determine What was the average selling price for the common stock issued

Using this formula

Common stock issued avarage selling price=

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Let plug in the formula

Common stock issued avarage selling price=($600,000+$98,000)/($98,000÷$0.10)

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3 0
2 years ago
The type of documentation designed to be used when the user needs to learn how to perform a specific function is known as _____.
cluponka [151]

Answer:

E. tutorials

Explanation:

The type of documentation explained in the question would be considered as "tutorials". These can be written, verbal or visual documentation that teaches you how to perform a specific function or task with step by step instructions. That way you know every step that you need to take in order to be able to get that certain task done.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
Which of the following is an example of an employee contribution retirement plan
tekilochka [14]

Answer:

401 retairement plan

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