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Hatshy [7]
3 years ago
12

Several years ago, Joy acquired a passive activity. Until 2018, the activity was profitable. Joy's at-risk amount at the beginni

ng of 2018 was $250,000. The activity produced losses of $100,000 in 2018, $80,000 in 2019, and $90,000 in 2020. During the same period, no passive activity income was recognized. How much is suspended under the at-risk rules and the passive activity loss rules at the beginning of 2021
Business
1 answer:
Galina-37 [17]3 years ago
3 0

Answer:

b. $20,000: $250,000

Explanation:

The computation is shown below:

The passive activity rules at the opening of 2021 would be equivalent to the amount given i.e. $250,000

And, the suspended amount would be

= $100,000 + $80,000 + $90,000 - $250,000

= $270,000 - $250,000

= $20,000

Hence, the correct option is b.

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Which statement is true of entrepreneurs?
strojnjashka [21]

Entrepreneurs are people that make their own business. Most businesses tend to have a rough start and can possibly even fail. It depends on how the person creating the business acts and how determined they are to make the business flourish. Although many rich people may of started off of just one product that got advertised well and was sold quickly. Even if it isn't a product but more so a service, you can be very successful. Just know what the people want.

Hope this helped!


3 0
3 years ago
Read 2 more answers
XYZ Corp issued $600,000 of 9% , 10-year bonds on June 30,2020, for $562,500. This price provided a yield of 10% on the bonds. I
Rom4ik [11]

Answer:

c. $18, 750

Explanation:

The computation of the amount of interest expense i.e. accrued is shown below:

= Issued amount × yield on the bonds × given months ÷ total number of months in a year

= $562,500 × 10% × 4 months ÷ 12 months

= $18,750

The 4 months is calculated from July 1 to October 31

Hence, the correct option is c. $18,750

5 0
3 years ago
An American executive is going on a business trip to Japan and England. Before she departs, she purchases $10,000 worth of Japan
Sedbober [7]

Answer:

The correct answer is $907.76.

Explanation:

According to the scenario, computation of the given data are as follow:-

1¥ = 82.54$

1£ = 132.03¥

Convert pounds to us dollars= £ ÷ $ = £132.03 ÷ $82.54

= 1.60$ ÷ £

Mean, 1£ = 1.6$

She has £567.35 .

After converting the pound into the dollar, she will receive = £567.35 × $1.60

= $907.76

Hence, she receive $907.76 if she sells the pounds.

3 0
3 years ago
Product or service offered, how much,<br> at what price
Bogdan [553]

Answer:

Realizing the contrast among cost and worth can expand benefit: the expense of your item or administration is the sum you spend to deliver it. the cost is your money related award for giving the item or administration. the worth is the thing that your client accepts the item or administration is worth to them

Explanation:

.

6 0
3 years ago
The in-group represents people that interact with one another regularly on the internet. true or false
Butoxors [25]
False
   I just took the test
6 0
3 years ago
Read 2 more answers
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