If U.S bought more abroad than it sold abroad and had a trade deficit, it will have negative net exports.
<h3>What is a negative net export?</h3>
A negative net export means a trade deficit which occurs because the overall value of the country's imports is greater than the overall value of its exports.
Hence, when its bought more abroad than it sold abroad and had a trade deficit, it will have negative net exports.
Therefore, the Option D is correct.
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Answer:
$14,400
Explanation:
The computation of the amount of bad debt expense is shown below:
= Ending balance of Allowance for Doubtful Accounts - the Beginning balance of Allowance for Doubtful Accounts
= $79,000 - $64,600
= $14,400
Since there is no write-off balance, so we consider the opening and ending balance of Allowance for Doubtful Accounts
All other information which is given is not relevant. Hence, ignored it
Answer:
Sharrod's deductible loss = stock basis + long term capital gains - cash distribution = $140,000 + $21,000 - $84,000 = $77,000
Sharrod's suspended loss = share of ordinary loss - deductible loss = $84,700 - $77,000 = $7,700
Sharrod's new basis in Kaiwan stock = $0
Explanation:
Sharrod's loss cannot be greater than his basis, that is why only $77,000 can be deducted and $7,700 can be carried forward.