<u>Solution and Explanation:</u>
Amount realized 22,000 Minus: Basis 89,000 Loss recognized 67000
<u>answer a </u>) Since Karen is single she can guarantee this lose as a common misfortune to a limit of $50,000. Karen won't have the option to guarantee the whole $67,000 that she lost she can just guarantee $50,000.
<u>answer b) </u>Since Karen is recording a joint government form she can guarantee a lose of upto $100,000. Karen will have the option to guarantee the whole loss of $67,000.
<u>answer c )</u> With the stock being bought from another investor as opposed to the sorting out enterprise she can guarantee the whole loss of $67,000 as a captial gain misfortune.
<u>answer d )</u> B. By selling a segment of the stock in one year and the staying stock in one more year Karen could change over the whole misfortune on the deal to a normal misfortune.
Answer:
Nowadays, a joint stock company is simply a corporation whose stockholders can buy or sell the company's stocks. But 4 centuries ago, joint stock companies were very different.
Joint stock companies were used by the British Empire to set colonies around the world, e.g. the Virginia Company was chartered rights to establish and exploit colonies in British territories, which are now the US.
A joint stock company was named that way because stocks of the company were sold to rich people in England that were willing to risk money in the colonies. E.g. Jameston was founded and basically owned by the Virginia Company. Joint stock companies were vital for the colonization processes of the British Empire.
The King of England could also establish chartered companies which basically had a monopoly over the trade of certain areas, e.g. the East India Company was probably one of the most famous of them and the most powerful and wealthy.
Some chartered companies were even responsible for paying the salaries and expenses of the British government officials in foreign countries. The East India Company basically ruled over all India and had its own private army.
Answer: LG needs to be aware of the implications around leasing her property or to selling off out rightly.
whether A sale or lease happens between her and the company /individual who wants to buy over or make use of the property. So she cannot ignore the legal formalities and report the transaction as a lease.
Explanation:
Answer:
D. All of the above
Explanation:
Financial reporting by not-for-profit, nongovernmental entities should provide information useful in Assessing management stewardship and performance, Assessing services and the ability to continue to providing services, Making resource allocation decisions.
