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
A broker listed a $75,000 property and the agreement read that the owner would NOT take more than a 25% cash offer. The broker p
Mashutka [201]

Answer:

The correct answer is  - No,

Explanation:

The correct answer is  - No,

The answer is no because the broker brings a buyer who is ready to give 1005 cash offer which is against the legal agreement defined by the owner. owner state that he is only taking a 25% cash offer.

Therefore the owner wouldn't consider the broker and didn't due broker commission.

8 0
3 years ago
Scenario planning is a useful technique for firms competing in industries characterized by __________ and ____________.
Gnom [1K]
The blank spaces will be filled by these words:
1) U<span>npredictability
2) Change

Scenario planning or as is alternatively called Scenario thinking, is a vital planning strategy which is used by some associations to make adaptable long term plans. It is an adjustment and adaption of classical techniques used by military intelligence.
</span>
6 0
4 years ago
If a competitive firm can sell a bushel of soybeans for $25 and it has an average variable cost of $24 per bushel and the margin
Dmitrij [34]

Answer:

reduce output

Explanation:

The marginal cost ($26) is greater than the marginal revenue ($25). In order to maximise profit, marginal cost should he reduced up to the point where marginal cost equals marginal benefit.

A firm should shutdown, reduce production to zero if average variable cost is greater than price but in this question, the firm shouldn't shut down since price ($25) is greater than average variable cost ($24).

I hope my answer helps you

5 0
3 years ago
Aaron purchased footballs from Matthew for $370. Matthew had purchased the footballs from Tom by providing Tom with a bad check.
LenaWriter [7]

Answer:

The principle in Law 'Nemo dat quod non habet' states that an individual connot give what he does not have

Indeed Tom can rescind the contract with Matthew as he possesses voidable title to the balls

Explanation:

Until consideration has moved from Matthew to Tom the validity of the agreement/Contract remains inconclusive.

Considering his Account is not funded means he has no valid title to the Balls, he is merely in possession of the Balls but not the Owner.

Tom can sue demanding a return of the Balls irrespective of Matthew having sold them to Aaron.

Another illustration could be given of a thief who sells off a property. Inspite of the Buyer being unaware, because the thief has a voidable title it makes the transaction invalid.

8 0
3 years ago
PLEASE HELP!! APEX
victus00 [196]

Answer:

adjusted gross income tax is an individuals total gross income minus specific deductions.

taxable income is adjusted gross income minus allowance for personal exemptions and itemized deductions.

8 0
3 years ago
Other questions:
  • What is usually paid on a biweekly or monthly basis for professional employment.
    7·1 answer
  • David, a trader, wants to buy 1,000 shares of XYZ stock, while a second trader, Alexis, is willing to sell 1,500 shares of the s
    6·1 answer
  • Merchandise is ordered on june 13; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by th
    15·1 answer
  • An analysis of your medical records would be similar to which research method?
    11·1 answer
  • During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per
    8·1 answer
  • OB research on job performance and individual characteristics draws primarily from studies in ___________. a.social relationship
    13·2 answers
  • Question 10 of 10
    5·2 answers
  • Marta is CEO of a large financial company. She is always open to the opinions of her employees and tries to make a decision base
    14·1 answer
  • Companies that are concerned with boosting workplace morale, maximizing employees' productivity and creativity, and motivating e
    12·1 answer
  • Someone who enjoys the benefits of a good or service without paying any of the costs is referred to by economists as a _________
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!