Answer:
correct option is a.$0
Explanation:
given data
passive activity losses = $150,000
active business income = $120,000
portfolio income = $30,000
to find out
how much passive activity loss can White Corporation deduct
solution
as per given we know that here white corporation is a Personal Service Corporation
so that it is not deduct the passive loss against the portfolio income
so correct option is a.$0
Answer:
The historical cost of the debt securities available for sale was $69,670.
Explanation:
Market value of the securities = $57,320
Cumulative unrealized Loss = $12,350
Historical cost of the securities held for sale = Market Value of the Securites + Cummulative unrealized losses
Historical cost of the securities held for sale = $57,320 + $12,350
Historical cost of the securities held for sale = $69,670
Securities Held for sale are recorded at the fairmarket value and its losses are accumulated. By adding cummulative losses of security to Maerket value of security we can calculate historical cost of the security.
<span>The probability that this person was a victim of identity theft that occurred from the unauthorized use of a credit card is 0.05%. </span>
Answer:
Please find solutions in the attached images
Explanation:
I have attached images of my journal entry solutions to this question as required.
I think it's the first one
