1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jok3333 [9.3K]
3 years ago
15

Eagle Company, a partnership, had a short-term capital loss of $10,000 during the current year. Aaron, who owns 25% of Eagle, wi

ll report $2,500 of Eagle's short-term capital loss on his individual tax return.
Business
1 answer:
Lubov Fominskaja [6]3 years ago
5 0

Answer:

True

Explanation:

Partnerships are not taxed as individual entities, they work as pass through entities where the partners must report any gains or losses on their personal income filings.

In this case, since Aaron owns 25% of Eagle Company, any loss or gain that Eagle company has will be passed to Aaron in the same percentage. Since Eagle had a $10,000 short term capital loss, $2,500 ($10,000 x 25%) of the loss will pass to Aaron.

You might be interested in
Variable outcome probability price 1,500 0.3 350 0.7 yield (ton) 11 0.55 4 0.45 cost ($) 3500 0.25 7500 0.75 what is the net ret
Helga [31]

Variable outcome probability price 1,500 0.3 350 0.7 yield (ton) 11 0.55 4 0.45 cost ($) 3500 0.25 7500 0.75 0.412588 is the net return if price =350, yield = 11 and cost = 7,500

<h3>What is net return?</h3>

The overall rate of return on an investment before any fees, commissions, or expenses is known as the gross rate of return. A month, quarter, or year is used as the unit of measurement for the gross rate of return. In comparison, the net rate of return provides a more accurate assessment of return by excluding fees and costs.

A gross rate of return is the return on an investment before any costs or deductions.

The investment's return after charges like taxes, inflation, and other fees is known as a net rate of return.

The expenditure ratio of a fund measures how difficult it is to determine the net rate of return compared to the gross rate of return.

To learn more about net return from the given link:

brainly.com/question/20730692

#SPJ4

3 0
2 years ago
Recording purchases made for cash and on account. LO 8-1 Lewis Corporation engaged in the following transactions during June. DA
vampirchik [111]

Answer:

(A) June 4

Inventory debit 1,065

Accounts Payable credit 1,065

(B) June 15

Inventory debit 1,550

Cash credit 1,550

(C) June 30

Accounts Payable debit 1,065

Cash credit 1,065

Explanation:

(A) there is no information or suggestion that Lweis will take the discount, we post as it was nominal, if later on it is paid within the discount period, we will recognize it. <u>No discount is recorded</u>

(B) Simple: increase the inventory receive and decrease cash by the amount paid.

(C) We settle the account payable for the nominal of the purchase.

It wasn't within the discount period. So <u>no discount is granted.</u>

5 0
3 years ago
The sales statt at Mocmoo Real Estate is compensated primarily based on the value of the properties thay call. However, in order
Nikolay [14]

Answer:

A real estate transaction would generate a high commission for an agent but would associate the agency with the destruction of a beloved local landmark.

Explanation:

there would be a conflict of interest between the organisation and the sales person when the interests of both parties do not align.

The goal of the sales person is to earn the highest possible commission. While, the goal of the firm would be to earn profit and a have a positive image.

If the agent makes the sale, he earns a high commission but this would cost the firm its positive image. thus, the interest of both parties are at odds. this would generate a conflict of interest

5 0
3 years ago
Unemployment that results because the number of jobs available in some labor markets may be insufficient to give a job to everyo
UNO [17]

Answer:

cyclical unemployment.

Explanation:

Unemployment that results because the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one is called cyclical unemployment.

3 0
2 years ago
Can someone help me plz ​
aalyn [17]

Answer:

What grade are you in my lord

Explanation:

4 0
3 years ago
Other questions:
  • You are thinking of building a new machine that will sve you 2,000 in the first year the machine will then begin to wear out so
    9·1 answer
  • Miller Company has a subsidiary located in Saudi Arabia. In order to reduce economic exposure, Miller restructured its operation
    8·2 answers
  • In the TEQUILA MINI CASE, the bartender in the Viva advertisement is intended to suggest that Viva Vodka is trendy and foreign.
    15·1 answer
  • Comparative balance sheets report average total assets for the year of $2,575,000 and average total equity of $1,917,000 (dollar
    13·1 answer
  • A variable expense is a _____.
    7·2 answers
  • One thousand adults live in Milltown. Every day, they all leave work at 4:30 p.m., arrive home at exactly 5:00 p.m., and go to b
    8·1 answer
  • Aspen Company estimates its manufacturing overhead to be $891,000 and its direct labor costs to be $540,000 for year 2. Aspen wo
    10·1 answer
  • 406
    5·1 answer
  • The Work in Process Inventory account of a manufacturing company has a $3,550 debit balance. The company applies overhead using
    8·1 answer
  • When a corporation sells stock to the general public for the first time, it is referred to as a(n)?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!