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Elan Coil [88]
3 years ago
14

Three years ago, Adrian purchased 365 shares of stock in X Corp. for $68,620. On December 30 of year 4, Adrian sells the 365 sha

res for $61,320.
A. Assuming Adrian has no other capital gains or losses, how much of the loss is Adrian able to deduct on her year 4 tax return?
B. Assume the same facts as in part (A), except that on January 20 of year 5, Adrian purchases 365 shares of X Corp. stock for $61,320. How much loss from the sale on December 30 of year 4 is deductible on Adrian's year 4 tax return? What basis does Adrian take in the stock purchased on January 20 of year 5?
Business
1 answer:
lidiya [134]3 years ago
8 0

Answer:

The answer is b

Explanation:

im 100 percent sure of my answer

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The following information is available on a depreciable asset owned by Mutual Savings Bank:
BARSIC [14]

Answer:

$4366.67

Explanation:

Given: Asset book value on july 1, year 3= $57800

          Salvage value= $5400

          Useful life left= 6 years.

Now, computing the depreciation expense under straight line method.

Formula; Depreciation= \frac{Asset\ book\ value - salvage\ value}{useful\ life}

Useful life in months= 6\times 12= 72\ months

Next, Depreciation expense= \frac{57800-5400}{72} = \$ 727.77

∴ Monthly depreciation expense= $ 727.77

Depreciation expense for last six months of year 3= 727.77 \times 6= \$ 4366.67

∴ Depreciation expense for last six month of year 3 is $4366.67.

3 0
3 years ago
In the case of flexible resources, if the demand for an activity changes across alternatives, then resource spending will:______
zheka24 [161]

Answer:

D. Change and the cost of the activity is relevant to the decision.

Explanation:

Since flexible resources are supplied as needed, and their costs appear to be variable with demand, so change and the cost of the activity is relevant to the decision.

7 0
3 years ago
when ebay and amazon.com cut out the majority of middlemen that normally would participate in the exchange process, it is an exa
Dmitriy789 [7]

When ebay and amazon.com cut out the majority of middlemen that normally would participate in the exchange process, it is an example of D) Diversification

The elimination of the bulk of middlemen who would typically take part in the exchange process by ebay and amazon.com is an example of. Reverse auctioning, deregulation, reintermediation, disintermediation, and diversification are some examples of strategies. answer:

The trading of stocks, bonds, commodities, options, and futures takes place on an exchange. Maintaining fairness and order among buyers and sellers, as well as effectively disseminating information regarding prices for any sort of security traded on that exchange, are the primary goals of an exchange.

A public open auction where real and personal property is bought and sold. Traditionally, the auctioneer will accept the highest (and final) bid after a series of increasing bids or proposals from prospective buyers (who is usually an agent of the seller).

To know more about Diversification here:

brainly.com/question/15259776

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3 0
1 year ago
Net requirements for component J are as follows: 60 units in week 2, 40 units in week 3, and 60 units in week 5. If a fixed-peri
Damm [24]

Answer:

100 units

Explanation:

Given the following net requirement for component J:

60 units in week 2

40 units in week 3

60 units in week 5

Lot sizing involves determining the amount or quantity of items which needs to be ordered or produced. There are various lot sizing techniques. However, the fixed period requirements involves choosing a fixed number of period for determining the number of orders of each item to make. The net total number of units is then calculated, this gives the total quantity of planned receipt or requirement.

Hence, the quantity of the first planned receipt will be :

Units in week 3, then units in week 5 (2 - period interval)

Net total = (40 + 60) units = 100 units

3 0
2 years ago
On November 1, 2021, Green Valley Farm entered into a contract to buy a $150,000 harvester from John Deere. The contract require
pickupchik [31]

Answer:

The multiple choices are missing from the question as shown below:

credit to Accounts Receivable for $150,000

credit to Sales Revenue for $150,000.

credit to Unearned Sales Revenue for $150,000.

debit to Unearned Sales Revenue for $150,000.

The correct option is credit to unearned sales revenue of $150,000

Explanation:

The accrual concept of accounting used by professionals the world over,requires that revenue be recognized when the seller has discharged his obligations to the buyer,that when goods are delivered to the buyer.

However, the upfront of receipt of cash by John Deere cannot be termed sales since the obligation of delivering harvester has not been fulfilled,as a result the amount received would termed unearned sales revenue, a liability until the delivery takes place.

The appropriate entries are :

Dr Cash                                         $150,000

Cr Unearned sales revenue                             $150,000

3 0
3 years ago
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