$17,000 amount of loss can John can deduct for the current year
Explanation:
Given,
John paid 2,000 worth of Red Corporation's $1244 share
Mark for $40,000
Mike for $12,000
John sold the remaining assets of Red Company for $3,000.
John has a typical risk of $17,000 ($3,000 – $20,000) for the current year.
The given statement is False.
John did not purchase the stock from Red Corporation; thus, he will not have a balance of $1244.
He does have a long-term capital risk of $17,000.
THE ANSWER IS NOT B.......but i think its A....i think now so if you get it wrong im sorry.
Unemployed means Unemployed so i'd go with the first option. But i'm not sure so i'd wait for another answer
Answer:
1. b. $120,000
2. a. $62,000
3. a. $58,000
Explanation:
1. Since the Subsidiary has <u>sold the entire inventory to an unaffiliated company</u> on November 21, 20X8, Then the sales to the group will be the amount at which a third party has bought it which is $120,000
2. Since the Parent had produced the inventory which has now been entirely sold out of the group, for $62,000. then the cost of goods sold to the group is the amount at which the parent produced it.
When the group is being consolidated all inter-company profits and transfer costs are eliminated and ignored to get the true picture of the transactions at arms length.
3. The consolidated amount of net income will be the amount at which the group bought it less the amount at which they sold it which is $120,000 - $62,000 = $58,000
The growth rate is a measure of the rate at which a country's population is increasing.
The growth rate of a population measures the percentage increase in the value of a quantity.
For example, if the growth rate of a population is 10%, if the town currently has 1000 people, next year population would be: 1000(1.1) = 1100 people.
Factors that leads to increases in a population
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