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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.

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Although we could describe both the cross-price elasticity of demand between paper coffee cups and plastic coffee lids and the c
Lorico [155]

Answer:

The paper cups and plastic cover lids are complimentary products. When you purchase plastic cups it follows that you would buy the plastic cover. Increase in demand of one leads to increase in demand for the other.

Meanwhile relationship between sugar and artificial sweeteners is one of substitution. Since sugar can replace artificial sweetener and vice versa, increase in demand for on will result in reduced demand for the other.

Explanation:

3 0
3 years ago
Sheridan Company has received a shipment of suits that cost $140 each. If the company uses cost-plus pricing and applies a marku
timama [110]

Answer:

Selling price= $224

Explanation:

Giving the following information:

Unitary purchase cost= $140

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<u>To calculate the selling price per unit, we need to use the following formula:</u>

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5 0
3 years ago
Is cereal soup? ...
Fittoniya [83]

Answer:

1. yes

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5 0
3 years ago
Read 2 more answers
Deep Mining and Precious Metals are separate firms that are both considering a silver exploration project. Deep Mining is in the
Julli [10]

Answer:

Precious metals should accept the project

Explanation:

To determine which company should accept the project, one has to calculate the net present value.

The net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 =

Cash flow each year from year one to ten =

For Deep Mining ,

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Precious Metals,

I = 12.6%

NPV = $83,144.67

Precious metals should accept the project because its npv is postive.

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

5 0
3 years ago
In terms of explaining the probability of assignment to trial arms in consent forms, which is true?
tamaranim1 [39]

In terms of explaining the probability of assignment to trial arms in consent forms, it is true that ICH notes should be included

To add, an internationally accepted standard for the designing, conducting, recording and reporting of clinical trials is called The Note for Guidance on Good Clinical Practice (CPMP/ICH/135/95).

3 0
3 years ago
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