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
lions [1.4K]
3 years ago
11

On September 3, 2018, Able, a single individual, purchased § 1244 stock in Red Corporation from his friend Al for $60,000. On De

cember 31, 2018, the stock was worth $85,000. On August 15, 2019, Able was notified that the stock was worthless. How should Able report this item on his 2019 tax return?
Business
1 answer:
klio [65]3 years ago
8 0

He should ask them why it was worthless then after a while of thinking maybe have and idea on how to use it again

You might be interested in
Individuals join groups for two primary reasons: to enjoy the company of others and to accomplish goals unattainable by themselv
Bond [772]

The given statement about the reasons why individuals join groups is True.

<h3>What is a Group?</h3>

This refers to the collection of individuals in unison to achieve a set goal or to expand their interests, leveraging on the network of other members.

Hence, we can see that the given statement that Individuals join groups for two primary reasons: to enjoy the company of others and to accomplish goals unattainable by themselves is true.

Read more about interest groups here:
brainly.com/question/14363531

5 0
2 years ago
Kenny, Inc., is looking at setting up a new manufacturing plant in South Park. The company bought some land six years ago for $7
professor190 [17]

Answer:

$33,540,000

Explanation:

initial investment:

  • opportunity cost of land (resale price of land) = $10,700,000
  • building cost of the facilities = $21,900,000
  • other expenses related to the site (grading) = $940,000
  • total $33,540,000

The purchase cost of the land is considered a sunk costs, since it is not relevant now. What is relevant is the price at which the land could be sold at the moment of starting the project.

7 0
3 years ago
7.A shop makes all its sales for cash.
Elis [28]

Answer:

A.) CASH BOOK

Explanation:

7 0
3 years ago
Windsor, Inc. sells merchandise on account for $3700 to Morton Company with credit terms of 2/10, n/30. Morton Company returns $
IrinaK [193]

Answer:

Dr. Cash                          $2,842

Dr. Discount Expense    $58

Cr. Account Receivable $2,900

Explanation:

Terms 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

Sales = $3,700

Returns = $800

Amount Due = $3,700 - $800 = $2,900

As the payment is made within discount period, so discount will be availed

Discount = $2,900 x 2% = $58

Cash Paid = $2,900 - $58 = $2,842

7 0
3 years ago
PLEASE HELPPP 50 pts!
soldi70 [24.7K]

Answer:

Her investing plan is saving up by finding a place to keep money you should probably worry on other things save up then spend if not you'll probably lose more money than needed find a place where they dont change much based on your money find a place where theres no scams you need to research to find a plan and a safe place.

3 0
3 years ago
Other questions:
  • Theuniversityadministrationassuresamathematicianthathehasonly1chancein 10,000 of being trapped in a much-maligned elevator in th
    11·1 answer
  • Release on recognizance is the pretrial release of a defendant who posts a minimum of 10% of the cash necessary for release on b
    15·1 answer
  • Accounts Receivable has a balance of $ 4 comma 000$4,000​, and the Allowance for Bad Debts has a credit balance of $ 450$450. Th
    10·1 answer
  • Which is true regarding elasticity of supply ?
    7·1 answer
  • Bolding Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $47,500. Assuming that the fixed monthly expe
    11·1 answer
  • The Republic of South Africa exports edible fruits and nuts into the common market known as the European Union, and imports from
    11·1 answer
  • Sharon, who works in accounting, noticed that the accounting records of her firm drastically overstated the amount of inventory
    11·1 answer
  • Why do we need to do school when at home bc this is supposed to be my vaca...
    5·2 answers
  • Amex Corporation invests excess cash to purchase $25,000 in corporate bonds on March 30, 2018. In addition to the $25,000, Amex
    10·1 answer
  • When effective communication affected your success at work
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!