Answer:
b.the statement is invalid because the nominal
Explanation:
pa brainliest po
Answer:
Price Level is B. The average level of prices
Explanation:
Price level is the average of current prices across the entire spectrum of goods and services produced in the economy.
Price level refers to the price or cost of a good, service, or security in the economy.
Reference: Kenton, Will. “Reading Into Price Levels.” Investopedia, Investopedia, 27 Sept. 2019
Answer: $40,000
Explanation:
The gain from discounted operations assuming no income taxes, is the gain from the sale of the asset less the net operating losses in the period.
= Gain from Sales of Asset - Net losses in period
= 90,000 - ( 20,000 + 30,000)
= $40,000
Answer: $3,000
Explanation:
With a basis of $22,000, Lola received a cash distribution of $25,000.
She would therefore get a gain (loss) of,
= $25,000 - $22,000
= $3,000
Lola received a gain of $3,000.
It is worthy of note that her basis after this distribution is now zero.
Answer:
92 shareholders
Explanation:
According to the S corporation shareholder limit rules, family members count only as 1 shareholder. The meaning of family member is very broad, including spouses, uncles, aunts, children, grandparents, grandchildren, first cousins, and even ex-spouses count as members of the same family.
So that means that Tone Loc, his grandfather, his four cousins, his five children and three of his grandchildren, will all together count as just one shareholder.
His two friends are not included in his family.
