It would be an informative resource
Answer:
This practice is called JAMMING.The answer is D.
Explanation:
Answer:
-$8,600
Explanation:
Data provided in the question:
Distributions = $44,000
Basis = $42,000
Amount of ordinary income allocated = $10,600
Now,
Capital gain from distribution in excess of basis
= Distribution - Basis - Amount of ordinary income allocated
= $44,000 - $42,000 - $10,600
= -$8,600
here, negative sign depicts there is a capital loss
Answer:
d.income statement immediately after income from continuing operations.
Explanation:
We should look at what the accounting principles and normatives threatment suggest.
As the firm should firm indicate the resulf the going business the discontinued operation should be disclosure separately from it. Thus, once complete the disclosure of the continued operation the firm should post the loss on this discontinued operation
