Answer:
Investment
Explanation:
To invest is to allocate money in the expectation of some benefit/return in the future.
Answer: $35,000
Explanation:
A casualty loss is simply a loss that an individual or business incurs when a property is damaged, or destroyed due to an unexpected or sudden event like fire, volcanic eruption, flood etc.
Here, Steve's casualty loss will be gotten when we compare both his adjusted basis and the fair market value and then we choose the lesser one. Since $35000 is lesser than $50000, therefore the answer will be $35000.
Answer:
Money serves as a medium of exchange, as a store of value, and as a unit of account.
Because opportunity cost is the value of something else you might have done with that time or money that you expended there.
hope this helps!
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