Ask question

Ask question

All categories

3 years ago

10

Connie has AGI of $90,000 and owns rental property generating a $27,000 loss. She actively manages the property. Her deductible

loss is

1 answer:

Sedbober [7]3 years ago

8 0

Answer and Explanation:

Her deductible loss is $27,000.

You might be interested in

When common stock is issued by a corporation for a cash price above par value, the excess of the cash proceeds over the par valu

shutvik [7]

Answer: d. Total contributed capital on the balance sheet

Explanation:

When Common stock is issued this is known as a Paid-In Capital. If there is an excess over the par value, this will be an additional amount and so will be recorded in the Additional Paid-In Capital account.

This account is on the Equity side of the balance sheet and will form part of the capital contribution to the company because it was given to the company by shareholders.

8 0

3 years ago

Which of the following actions helps a company find the game plan for long-run survival and growth that makes the most sense gi

Papessa [141]

Answer: (D) Strategic planning

Explanation:

The strategic planning is one of the business documenting process in which the various types of directions and suggestions are given to the small organization or the business.

The main objective of the strategic planning is that it helps in establishing the the actual direction to the companies for the long term goals and also helps in making various types of decisions.

According to the given question, the strategic planning is one of the type of action which is specifically taken by an organization that helps the growth o the company.

Therefore, Option (D) is correct answer.

4 0

3 years ago

What type of budget is used to forecast income and expense for ongoing business operations?

Kruka [31]

Answer:

The correct answer is: Operating budget.

Explanation:

An operating budget is an estimate a business make of the expenses and revenue it plans to book in its ongoing operations. Operating budgets can also be used to forecast future operating corporate periods. This type of budget mainly includes the <em>number of sales expected in dollars</em>, <em>fixed and variable costs</em> as well as <em>operating expenses</em> such as loan payments or depreciation.

4 0

3 years ago

In the ethical decision-making framework, the main difference between identifying the stakeholders and considering how those sta

taurus [48]

The difference between the identification of the stakeholders and the impact of ethical decision-making on the stakeholders is that <u>A. as the firm identifies the </u><u>stakeholders</u>, it must anticipate which ones will be most affected by the decision being made.

<h3>What is ethical decision-making?</h3>

Ethical decision-making involves the evaluation and choice of the best alternatives that are consistent with the organization's ethical principles.

In making ethical decisions, the organization should eliminate unethical options so as to select the best ethical alternatives.

<h3>Answer Options:</h3>

A. as the firm identifies the stakeholders, it must anticipate which ones will be most affected by the decision being made.

B. after a firm identifies the stakeholders affected, it must then consider the future implications of the decision being made.

C. a firm only needs to identify the stakeholders affected if feedback from the monitoring and assessing step indicates there is a need to do so.

D. a firm only needs to consider the impact of the decision if the stakeholders identified indicate there is a need to do so.

E. before a firm identifies the stakeholders affected, it must first consider the future implications of the decision being made.

Hence, <u>Option A.</u> is correct.

Learn more about ethical decision-making at brainly.com/question/5244016

7 0

2 years ago

Haskins Company employs material handling employees who move materials between production divisions at a labor cost of $360,000

Marianna [84]

Answer:

correct option is a. $36,000

Explanation:

given data

labor cost = $360,000

move material per year = 600,000 pounds

to find out

material handling cost

solution

we find here first Labor Cost per pound of material that is express as

Labor Cost per pound of material = Labor Cost ÷ Number of Pounds of material .......................1

Labor Cost per pound of material = $\frac{360000}{600000}$

Labor Cost per pound of material = $ .6 per pound of material

=360000/600000= $0.6 per pound of material

so we can say that 60000 pounds are moved in March so cost will be

60000 pounds are move cost = 60000 × $0.6

60000 pounds are move cost = $36000

so correct option is a. $36,000

7 0

3 years ago