Which of the following are passive activities? a. marvin is a limited partner in the jayhawk beach club and owns a 20 percent interest in the partnership. b. marcie owns a royalty interest in an oil and gas operation. c. neil owns an 18-hole semiprivate golf course. he is a certified professional golfer and serves as the club pro. he provides lessons and is involved in the daily management of the business. d. assume the same facts as in part c, except that neil plays on the professional tour. when on break from the tour, he mingles with the members and con-ducts golf clinics. the club is managed by his brother and sister. e. laura owns a commercial office building. she spends more than 500 hours a year managing the building. she also spends 1,700 hours working in her own real estate development firm. f. assume the same facts as in part e, except that laura hires a full-time manager for the commercial office building. she spends 75 hours meeting with the manager and reviewing the operatio
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 12:40, hardwick744
Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false
Answers: 3
Business, 22.06.2019 13:50, chammusa2
Which one of the following statements is true? ddt does not prevent disease from passing from agricultural animals to humans. cost was a major factor in the united states government's decision to ban ddt. many african governments concluded that the potential long-term health effects of ddt were not as serious as the immediate problem of insect control. ddt cannot accumulate in the fat of animals. the ddt ban in the united states has made it very difficult to control agricultural insect pests.
Answers: 3
Business, 22.06.2019 21:10, cece3467
Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is:
Answers: 3
You know the right answer?
Which of the following are passive activities? a. marvin is a limited partner in the jayhawk beach c...
Questions in other subjects:
Mathematics, 31.07.2019 00:10
History, 31.07.2019 00:10
History, 31.07.2019 00:10
