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lyudmila [28]
3 years ago
11

Suppose Clampett, Inc., terminated its S election on August 28, 2019. At the end of the S corporation's short tax year ending on

August 28, J.D.'s stock basis and at-risk amounts were both zero (he has never had debt basis), and he had a suspended loss of $20,350. In 2020, J.D. made additional capital contributions of $5,350 on March 15 and $13,050 on September 20. How much loss may J.D. deduct in 2020
Business
1 answer:
NISA [10]3 years ago
8 0

Answer:

$5,000

Explanation:

Since Suppose Clampett, Inc., terminated its S election on August 28, 2019, it implies that the ending date for post transition termination period is September 15, 2019. This date is the extended due dat for S corporation to file final tax return.

As J.D. made additional capital contributions of $5,350 on March 15 and $13,050 on September 20, only the $5,350 contribution made on March 15 falls within the post transition termination period of September 15, while the $13,050 contribution made on September 20 falls outside the post transition termination period.

Therefore, J.D. May only deduct $5,000 in 2020.

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The risk that actual returns will not match or exceed expected returns is called:________a. investment risk. b. asset class risk
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Answer:

a. investment risk

Explanation:

Risk is the potential of an action or activity (including the option not to move) to cause an undesired loss or event. The idea implies that a choice affects the outcome. The same potential losses can be called "risk".

Investment risk: We can define it as the inappropriateness between the actual and expected returns. Because on this type of risk, there may be occurrence of any losses with some probability or likelihood which will be relative the expected return.

Asset class is about the grouping process of investments which have some mutual or similar characteristics. The risk on this case is something has relative elasticity compared to another investment in the market.  Usually, there is 3 groups of asset classes: equities, bonds and money market instruments.

The market risk which is called sometimes as systematic risk. This risk consider the entire market and has effects on this scale. The investor who undertook this risk will see that the factors which affect the overall performance of the whole marketplace.

Opportunity cost is the cost when you have purchased, chose or bought  the product compared to another product. However, you will notice that if you buy another one you will get more value or consumer surplus but you have just bought and you missed chance. This is the opportunity cost

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B

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A is valid but i would be more worried about B when editing C and D say to fix something but it never says anything is wrong so the wording makes those answers wrong/very highly unlikely

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Petrus Framing's cost formula for its supplies cost is $1,860 per month plus $11 per frame. For the month of March, the company
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