Answer:
C.
Explanation:
From the various options listed, the one that would be considered a systematic-risk event would be if the Federal Reserve increases interest rates 50 basis points. This is mainly because this event would cause various entire markets to be affected, as increasing the reserve interest rates causes the value of the country's currency to devalue and become more expensive to make purchases as well as obtain loans. Therefore affecting a wide range of entire markets throughout the country.
Answer:
b. debit Machinery and Accumulated Depreciation; credit Machinery, Cash, and Gain on Disposal
Explanation:
When machinery exchange and its value is greater than the book value so the journal entry is recorded which is shown below:
Machinery A/c Dr XXXXX
Accumulated depreciation A/c Dr XXXXX
To Machinery A/c XXXXX
To Cash A/c XXXXX
To Gain on disposal A/c XXXXX
(Being the exchange is recorded)
Hence the most appropriate option is b.
Answer:
C) report $5,000 of hobby income and deduct nothing from AGI since Juanita does not itemize deductions.
Explanation:
After the passage of the Tax Cuts and Jobs Act (HR 1, “TCJA”) from the period 2018 to 2025 the hobbies deduction is no longer valid.
Thus Juanita cannot declare any deduction. As hobbies aren't businesses. They aim for fun and entertainment not profit is not entitled to the tax deduction businesses are.
The employers look for potential employees that they think would be a good fit and have good qualities.
