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
<span>Yes,the Facebook ads are considered to be the fastest growing type of advertising in the united states because Facebook is one of the most popular technology growing towards the people.Even Children have their Facebook accounts to connect with their friends.So advertisements published through Facebook will reach the all kind of age group people so that product will become more popular.</span>
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Explanation:
The journal entries are as follows
1. Account receivable Dr $9,700
To Sales revenue $9,700
(Being the sale is recorded)
It is computed below:
= $10,000 - $10,000 × 3%
= $10,000 - $300
= $9,700
2. Cash Dr $9,700
To Account receivable $9,700
(Being the receipt of the payment is recorded)
3. Cash Dr $10,000
To Account receivable $9,700
To Sales discount forfeited $300
(Being the receipt of the payment is recorded)
Answer:
Elasticity of demand measures how the amount of a good changes when its price goes up or down.
Explanation:
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