Partnerships are the most common type of business firms in the world.
False
Answer: $0
Explanation: As stated in the internal Revenue Code(IRC) as regards the limitations on losses of individuals. Summarily, Losses can only be deducted from tax returns if:
1. Loss is incurred in a trade or business.
2. Loss arising from a profit oriented transaction.
3. Loss arising from theft, casualty or Natural disaster.
However, Loss in the question above can be attributed to abandonment arising from the couple's personal decision which is not covered jn the reasons for loss deduction from tax income stated in the IRC.
Answer: hope this helps
(pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares ... stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc.
Explanation:
the real holding-period return for the year is -6.44<span>
HPR = (50-55+3)/55 => -3.64%
- must account for π of 3%
Fisher equation: (1-.0364) = (1+r)(1+.03)
r = -6.44%</span>