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Ann [662]
3 years ago
14

Jonas is a 60% owner of Ard, an S corporation. At the beginning of the year, his stock basis is zero. Jonas's basis in a $33,200

loan made to Ard and evidenced by Ard's note has been reduced to $0 by prior losses. During the year, Jonas's net share of Ard's taxable income is $16,600. At the end of the year, Ard makes a $24,900 cash distribution to Jonas. After these transactions, what is Jonas's basis in his stock, and what is his basis in the debt? What is Jonas's recognized capital gain?
Business
1 answer:
olya-2409 [2.1K]3 years ago
6 0

Answer:

Capital gain $24,900

Explanation:

Jonas's Stock basis $33,200

Less $8,300

Capital gain $24,900

$24,900 cash distribution - Net share of Ard's taxable income $16,600= $8,300

Therefore Jonas's recognized capital gain

of $24,900

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natita [175]
There's actually 7 one of which is "Blowin in the wind"
7 0
4 years ago
At Crater Valley Manufacturing, workers are encouraged to find their own solutions to problems, and to implement their solutions
Marizza181 [45]

Answer:

a) Theory Y

Explanation:

Crater Valley Manufacturing has adopted the theory Y management approach.  Theory  Y proposes a participative management style, teamwork, and decentralization of the decision-making process. In the theory Y approach, managers encourage employees initiatives that will contribute to the success of the organization. Theory Y tries to match the organizations' objectives with the employees' aspirations.

<u>Some of theory Y assumption include</u>

  1. Employees have a natural tendency to work and play.
  2. Employees have self-direction and self-discipline in pursuit of organizational goals without external coercion or threats.
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5 0
3 years ago
without regulations, monopolists will produce at an output level where marginal benefit is greater than marginal social cost. tr
Nonamiya [84]

The answer is true. Without regulations, monopolists will produce at an output level where marginal benefit is greater than marginal social cost.

These problems are only the surface level of the inefficiency problem for monopolies; there are further incentives for efficiency over longer time horizons. There are compensating incentives in this situation. On the one hand, businesses might pursue novel ideas and new intellectual property in an effort to gain market monopolies and maximize profits—at least for a few years, until rivals catch up. In this manner, the strains of competition on businesses may lead to the emergence of monopolies. A monopoly, however, that does not have to worry about competition can simply produce the same old items in the same old ways—while still ringing up a solid rate of profit—once a barrier to entry is put in place.

Learn more about monopolists here:

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3 0
2 years ago
The Dahlia Medical Center has 30 labor rooms, 15 combination labor and delivery rooms, and 3 delivery rooms. All of these facili
madam [21]

Answer:

The combination Labour delivery room

Explanation:

Utilization refers to the degree by which available resource                                                                

is being used.

It is given by the ratio of total input to total output

The attached file shows a complete solution

6 0
4 years ago
Maltese is a privately-owned company. On September 3, Maltese exchanged 2,000 shares of its private common stock for equipment.
RUDIKE [14]

Answer:

Debit Equipment 80000

Explanation:

Using the data provided in the question, the journal entry for the transactions will be as follows

     PARTICULARS                                       DEBIT               CREDIT

==============================================================

   Equipment a/c                                        $80,000

   Common stock a/c                                                            $80,000

(To record equipment exchange

with common stock)

==============================================================

Hence,

Debit Equipment 80000

4 0
3 years ago
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