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anzhelika [568]
3 years ago
11

A worthless security had a holding period of six months when it became worthless on December 10, 2020. The investor who had owne

d the security had a basis of $20,000 for it. Which of the following statements is correct?
a. The investor has a long-term capital loss of $20,000.
b. The investor has a short-term capital loss of $20,000.
c. The investor has a nondeductible loss of $20,000.
d. The investor has a short-term capital gain of $20,000.
Business
1 answer:
mariarad [96]3 years ago
6 0

Answer: B. The investor has a short-term capital loss of $20,000.

Explanation:

A short-term loss occurs when a deficit is realized when there's a sale of an asset which has been held by the person for a period of one year or less.

In this case, since the security was worthless, it's a loss and was also help for six months which is less than one year, then it's a short term capital loss.

Therefore, the correct option is B

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The ultimate source of an organization's culture is Group of answer choices A. Its top management Its environment B. The country
Iteru [2.4K]

Answer:

The correct answer is C

Explanation:

Organizational culture is the culture or the system of the shared beliefs, assumptions and values, that governs the people or employees behave in the organization. And these shared values or beliefs have a very strong impact on the people in the organization.

The ultimate and final source of the organization culture is the founders of the organization as they dictate on how they should act, perform their jobs and dress.

4 0
3 years ago
How do you propagate​
balu736 [363]

Answer:

Explanation:

There are three ways to propagate a plant: dividing (separating an already growing plant into two), rooting a leaf (typically done with succulents), or rooting a cutting (a small stem with leaves).

3 0
3 years ago
When you are shopping for a loan, the __________ is the important rate to compare.
MrRa [10]
When you are shopping for a loan, the ANNUAL PERCENTAGE RATE is the important rate to compare. This is because, comparing the annual percentage rate is the best way to accurately determine the loan that will cost you more in the long run.
7 0
3 years ago
Altoon Manufacturing's records were partially destroyed in a flood. The company does not know what sales have been for the year,
Masteriza [31]

Answer:

a. $164,000

Explanation:

The computation of the Altoon Manufacturing's sales for the year until the flood is given below:

= Cash collections + ending receivables - opening receivables

= $158,000 + $25,000 - $19,000

= $164,000

hence, the Altoon Manufacturing's sales for the year until the flood is $164,000

Therefore the first option is correct

7 0
3 years ago
A company with excess capacity must decide between scrapping or reworking units that do not pass inspection. The company has 19,
ANTONII [103]

Answer:

Incremental income as scrap=$66,500

Incremental income when re-worked= $81,700

Explanation:

Unit contribution from selling as scrap is the equal to the scrap value = 3.50

Unit contribution when reworked and sold as scrap =Selling price - cost of re-work= $8.90-4.60= $4.3

Incremental income as scrap = $3.50×19,000= $66,500

Incremental income when re-worked= $4.3 × 19,000 = $81,700

Incremental income as scrap=$66,500

Incremental income when re-worked= $81,700

5 0
3 years ago
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