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Ede4ka [16]
3 years ago
11

Matt has three passive activities and has at-risk amounts in excess of $100,000 for each. During the year, the activities produc

ed the following income (losses). Activity A ($60,000) Activity B (40,000) Activity C 75,000 Net passive activity loss ($25,000) Matt's suspended losses are as follows:_______.
a. $25,000 is allocated to C; $0 to A and B.
b. $8,333 is allocated to A, B, and C.
c. $12,500 is allocated to A; $12,500 to B.
d. $15,000 is allocated to A; $10,0.
Business
1 answer:
anygoal [31]3 years ago
7 0

Answer:

d. $15,000 is allocated to A; $10,000 is allocated to B

Explanation:

Activity C will not carry and suspended losses as it was profitable, the net of 25,000 will be distributed among the lossing activites:

60,000+ 40,000 = 100,000 loss

activity A weight 60%

activity B weight 40%

net loss: 25,000

activity A 25,000 x 60% = 15,000

activity B 25,000 x 40% = 10,000

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4 0
2 years ago
Congress missed the fact that various agencies with responsibility for supervising the banking industry were negligent in identi
stira [4]

Answer:

oversight.

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Answer:

Hi

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Explanation:

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4 years ago
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