$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.
Answer:
c.Showing emotions
Explanation:
In this case, Alisa could not control her emotions at this situation which she feels is unfair and expressed the same as well.
Therefore, we can conclude that she was showing emotions.
Answer:
A. Because the bank can invest your money to make more money for itself
Answer:
$544
Explanation:
LIFO means last in first out. It means it's the last purchased inventory that is the first to be sold.
The cost of the 250 units sold would be first deducted from the inventory purchased on the 25th
= 100 × 2.34 = $234
That leaves 250 - 100 = 150 units.
The cost of goods sold would be next allotted to the inventory purchased on the 9th
= 50 × 2.20 = $110
This leaves 150 - 50 = 100
The cost of the 100 would be alloted to the beginning inventory
100 × $2 = $200
Total cost of goods sold = $200 + $110 + $234 = $544
I hope my answer helps you
