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Zinaida [17]
3 years ago
6

Which of the following would not be considered an advantage of a sole proprietorship?

Business
1 answer:
Sloan [31]3 years ago
6 0

Answer: Unit 4: starting a business

C

D

B

D

D

C

B

A

A

D

Explanation:

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Amy, a single individual and sole shareholder of Brown Corporation, sold all of the Brown stock for $30,000. The stock basis was
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Answer:

A) a $50,000 ordinary loss and $70,000 LTCL

Explanation:

given data

Brown stock = $30,000

stock basis = $150,000

time = 3 year

solution

we know that here stock is Section 1244 stock and original owner is Amy

so

first loss is for single individuals is = $50000

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so total loss realized is

total loss realized  $50000 + $70000

total loss realized = $120000

so correct option is A) a $50,000 ordinary loss and $70,000 LTCL

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