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
In the best-selling book, Good to Great, the author examined the characteristics of eleven successful companies by studying the
Anestetic [448]
Answer: Case Study. Hope I helped <3
3 0
3 years ago
What degree do you need for a cosmetologist
Stella [2.4K]
You really don't have to have a degree most of my friends are cosmetologist and they don't have degrees they just have license
4 0
2 years ago
Due Monday by 5:29pm Points 100 Submitting a file upload Available Nov 30 at 12am - Dec 7 at 5:29 pm 8 days ACG2021 - Comprehens
jarptica [38.1K]

Answer:

Explanation:

What’s the question?!

3 0
3 years ago
An insured stops making payments on a loan taken from his cash value policy. What will most likely happen
Mariana [72]

When an insured stops making the payments on the loan taken his cash value policy will terminate when the loan amount with interest equals or exceeds the cash value

Explanation:

Cash value policy are the type of saving policy and they provide the life time coverage of the policy holders most cash values have high premiums than the insurance

It requires a fixed level premium payment and the from that amount the money is allocated for different reasons according to the wish of the policy holder and the remaining amount is deposited as the cash value amount

8 0
3 years ago
Assume that Amazon has a stock-option plan for top management. Each stock option represents the right to purchase a share of Ama
Kryger [21]

Explanation:

The Journal entry is given below:-

1 January 2020             No Entry

31 December 2020       Compensation Expense Dr,         6,580

                                              To, Paid-In-Capital                         6,580

(Being the compensation expense stock-option plan is recorded)

Working Note:-

Compensation Expense

= $7 × 4,700 ÷ 5

= $7 × 940

= $6,580

7 0
3 years ago
Other questions:
  • Lako Systems studied the performance of 15 line workers who attended a training program and compared their performance with a co
    15·1 answer
  • BuzzInc. sold a piece of equipment during the period for $230,000 and recorded a gain of $45,000 on the sale. How should this ga
    5·1 answer
  • Justin is in charge of the central region, with several dozen stores reporting to him. Last year, he analyzed sales data for dem
    8·1 answer
  • A product is invented in Country X and is first manufactured there. The International Product Life Cycle Theory holds that the p
    14·1 answer
  • The article discusses three core financial implications of the business model. What are the three core financial implications, a
    14·1 answer
  • What are the most common types of credit available to individuals and businesses?
    13·1 answer
  • bob and barbara are friends. bob takes out a $10000 loan and agrees to repay it over 12 years making annual level payments at an
    5·1 answer
  • Scott Company has 5 sales employees, each of whom earns $16,000 per month and is paid on the last working day of the month. Each
    6·1 answer
  • What are the advantages of researching your occupational field?
    15·2 answers
  • The value of the marginal product is equal to the marginal revenue product under perfect competition in the product market becau
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!