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3241004551 [841]
3 years ago
9

Bruce receives 20 stock rights in a nontaxable distribution. The stock rights have an FMV of $5,000. The common stock with respe

ct to which the rights are issued has a basis of $4,000 and an FMV of $120,000. Bruce allows the stock rights to lapse.
He can deduct a loss of:


A) $0.


B) $1,000.


C) $5,000.


D) none of the above
Business
1 answer:
svlad2 [7]3 years ago
4 0

Answer:

c. $5,000

Explanation:

Bruce can deduct loss of $5,000

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In an effort to simplify the multiple production department factory overhead rate method, the same rate can be used for all depa
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Answer: False

Explanation:

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aalyn [17]

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Explain the differences between active and passive income. Which do you think is easier from an owner's standpoint, and why?
stellarik [79]

Answer:

Passive income is money earned on an investment, or work completed in the past that continues to make money without any additional effort. Active income, on the other hand, is money earned in exchange for performing a service. I would think active income is easier because it allows you to earn an income quickly and consistently. Passive income can take years to build.

Explanation:

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A) total manufacturing cost
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Hope it helps!

4 0
3 years ago
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