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Iteru [2.4K]
3 years ago
11

Bonita earns $31,000 from her job, and she has $1,000 of interest income. She has itemized deductions of $35,000. There are no c

asualty or theft losses in the itemized deductions. What is Bonita’s net operating loss for the current year?
Business
1 answer:
andrezito [222]3 years ago
4 0

Answer:

$0

Explanation:

Bonita is a person, not a company, therefore she cannot record operating losses. This is a not a common situation since you generally don't have more deductions than gross income, but it is a possible situation. For example, if Bonita had a lot of medical expenses during the last year and they accumulated to actually more than her salary. She may have paid them using her savings, selling some assets or by obtaining a loan.

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Jeremiah needs to see data in two different table views from two regions without creating two tables. Which two features would h
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Explanation:

Because- da faq.

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3 years ago
A journal entry for a $75 payment for Rent expense was posted as a debit to Salary expense and a credit to Cash. This error will
Illusion [34]

Answer: The correct answer is a). The sum of the debits will equal the sum of the credits.

Explanation: When a journal entry is posted as same amount to both the debit and credit it balances up in the trial balance.

In the same vein, irrespective of the error in the ledger raised and posted in the trial balance, the sum will be equal on both the debit side and the credit side.

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3 years ago
Match your vocabulary word with the phrase that defines it. 1 . how land is used in cities overurbanization 2 . a situation in w
Stella [2.4K]

1. How land is used in cities – URBAN FORM

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7 0
3 years ago
The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods
Setler79 [48]

Answer:

A) true

Explanation:

Compound interest can be regarded as

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next period will be earned on the principal sum along with those interests accumulated before. It should be noted the process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods.

6 0
3 years ago
The short-run aggregate supply curve shows: a. Changes in output in an economy as the price level changes, holding all other det
Neporo4naja [7]
<h3>The short-run aggregate supply curve shows the relationship between the price level and aggregate expenditure </h3>

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3 years ago
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