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
Paul [167]
3 years ago
15

On February 20 , 2018, Bill purchased stock in Pink Corporation (the stock is not small business stock) for $1,000. On May 1, 20

19, the stock became worthless. During 2019, Bill also had an $8,000 loss on § 1244 small business stock purchased two years ago, a $9,000 loss on a nonbusiness bad debt, and a $5,000 long-term capital gain. How should Bill treat these items on his 2019 tax return?
Business
1 answer:
weeeeeb [17]3 years ago
6 0

Answer:

$8,000 ordinary loss and $3,000 short-term capital loss

Ordinary loss (Small business stock) ($8,000)

Long-term capital gain $5,000

- Long-term capital loss (Worthless securities)

(1,000)

Net long-term capital gain $4,000

- Short-term capital loss (Nonbusiness bad debt)

(9,000)

Net short-term capital loss ($5,000)

Short-term capital loss limited to ($3,000)

You might be interested in
Which type of join is most commonly performed using standard queries in Access?
OleMash [197]

Answer:

below

Explanation:

Access creates inner joins automatically. Inner joins are the most common type of join. They tell a query that rows from one of the joined tables correspond to rows in the other table, on the basis of the data in the joined fields

3 0
3 years ago
Read 2 more answers
Unemployment and Labor Force Participation: Work It Out 1 of 3 Suppose the island nation of Freelandia is composed entirely of t
gtnhenbr [62]

Answer:

200

Explanation:

The labor force in an economy is composed of all adults able-bodied individuals who are employed or actively seeking employment. Employed people are those engaged in economic or income-generating activities.  Unemployed are jobless individuals who are actively seeking work.

In Freelandia, labor force participation will be composed of the employed and the unemployed people.  As per the definition of the labor force, children will not be included as they are not adults. Students and retired people are not seeking employment; hence should not be in the labor force. Therefore, the labor force will be 190 plus  10, which is 200.

4 0
3 years ago
Crane Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available
Marysya12 [62]

Answer:

C. $222,500 ÷ $313,500

Explanation:

Calculation for cost to retail ratio

COST

Beginning inventory $30,000

Add; Purchases $190,000

Add: Freight in $2,500

Cost $222,500

RETAIL

Beginning inventory $45,000

Add: Purchases $260,000

Add: Net mark ups $8,500

Retail $313,500

Therefore, the cost to retail ratio will be

$222,500 $313,500

5 0
3 years ago
Kasapreko Company Limited is a wholly Ghanaian-owned company with branches in Nigeria, South Africa and Germany. With relevant e
Tema [17]

Answer:

Explanation:

It should be understood that Kasapreko company limited is a Ghanian company that specialises in the production of herbal beverage products.

And the primary aim or goal of the company is to be able to have branches in every country of the world. But before this could be achieved, the company must be able to meet the demands of its country of production, and be able to attain or collect the necessary documents that will allow it to have branches outside the country it was founded. It must also be able to acquire the necessary licenses to operate in its desired countries.

Presently, the company has branches in countries like Nigeria and South Africa.

7 0
3 years ago
Codetermination:
aleksandr82 [10.1K]

Answer:D. is the inclusion of a corporation's employees on its board.

Explanation: Codetermination is a term applied in terms of describing the board composition of a corporation to mean the inclusion of the employees of a corporation to form part of the board and also take part in determining the pace and processes of decision making within an organisation.

Codetermination ensure that workers also also part of the decision makers in a corporate entity.

7 0
3 years ago
Read 2 more answers
Other questions:
  • What happens if an offeree alters and then signs any part of an offer?
    6·1 answer
  • Researchers have defined the marketing problem. what is the next step in the marketing research process? A. Interpret the data.
    5·2 answers
  • There are many activities in marketing that are interrelated and similar in purpose. These activities are referred to as marketi
    10·1 answer
  • Calculate income from operations for Jonas Company based on the following data: Sales $764,000 Operating expenses 52,500 Cost of
    15·1 answer
  • Companies that have higher risk than a competitor in the same industry will generally have
    14·2 answers
  • The same person opens incoming mail and posts the accounts receivable subsidiary ledger.
    5·1 answer
  • Monty has launched a company with the help of crowdfunding. He wants to secure the computer algorithm that he uses in his primar
    8·1 answer
  • In the long run, an increase in the money supply will affect the price level and real GDP of an economy in which of the followin
    13·1 answer
  • You have invested $1,000 in an account that promises APY of 3 percent per year. Assuming you leave the original investment and a
    15·1 answer
  • Phips Co. purchases 100 percent of Sips Company on January 1, 20X2, when Phips' retained earnings balance is $320,000 and Sips'
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!