Answer:
False
Explanation:
It is false that In the current year, Don has a $55,000 loss from a business he owns. His at risk amount at the end of the year, prior to considering the current year loss, is $36,000. He will be allowed to deduct the $55,000 loss this year if he is a material participant in the business.
Answer:
There is no market failure in this case, since Candace knew about the Yugonero's multiple mechanical issues and she also knew that it didn't offer any type of warranty, plus she had read several press releases detailing the problems related with the Yugonero. She just decided to take the chance of buying one of the few Yugoneros that were built properly and operated without any problems. She probably paid much less for the Yugonero and that was probably her main motivation.
Explanation:
Answer:
<em>B. economic growth leading to a return on investment.</em>
Explanation:
A bank correction of an error from recording a $50 check paid as $500 appears on the bank statement as a<u> credit memorandum that increases the account balance</u>.
Recording errors must be introduced or subtracted from the ebook stability. If the item cleared the financial institution for much less than the quantity within the books, add the amount of the error. If the object cleared the financial institution for greater than the quantity within the books, subtract the quantity of the mistake
Make all the necessary modifications for the bank's mistakes. In case the bank reconciliation statement begins with the debit stability as in keeping with the financial institution column of the coins ebook, add all of the quantities erroneously credited by the bank and deduct all the quantities erroneously credited by using the bank.
Debit cash within the journal via writing "cash" on the primary journal line and the quantity of the error within the debit column of the magazine. visit the road proper under it within the magazine, indent the access barely, then write the account call laid low with the mistake and credit score the quantity of money involved.
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