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inn [45]
2 years ago
9

Near the end of 2020, Byron realizes that he has a net short-term capital loss of $13,000 for the year. Byron has taxable income

(not including the loss) of $123,000 and is single. He owns numerous stocks that could be sold for a long-term capital gain. What should he do before the end of 2020
Business
1 answer:
Paul [167]2 years ago
6 0

Answer:

Byron should sell stock at gain of ($13,000 - $3,000) $10,000

Explanation:

Given:

Net short-term capital loss = $13,000

Taxable income = $123,000

Computation:

Byron is single and Byron can be deduct $3,000 as capital loss.

Byron should sell stock at gain of ($13,000 - $3,000) $10,000

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3 years ago
Activity-based costing accumulates overhead in one cost pool, then:_____.a. assigns the overhead to products and services by mea
Gekata [30.6K]

Answer:

c. allocates overhead to activity cost pools, and it then assigns the activity cost pools to products and services by means of cost drivers.

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Like if we allocate the setup cost so we have to allocated with the number of machine setups.

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5 0
3 years ago
A licensed _______________ must display his or her license conspicuously in the principal place of business at all times.
creativ13 [48]

Answer:

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Explanation:

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Cheers.

3 0
2 years ago
True or false: The first decision that is necessary to make merchandise flow is to choose a transportation company.
pantera1 [17]

Answer:

False

Explanation:

What is a transportation company called?

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To learn more about it, refer

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8 0
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One type of mutual fund does not endeavor to achieve the goals of a balance of bonds and stock or​ growth, income, and stability
jonny [76]

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