Business, 13.11.2019 04:31 Gearyjames8
Sue invested $12,000 in the abc limited partnership and received a 10 percent interest in the partnership. the partnership had $34,000 of qualified nonrecourse debt and $34,000 of debt she is not responsible to repay because she is a limited partner. sue is allocated a 10 percent share of both types of debt resulting in a tax basis of $18,800 and an at risk amount of $15,400. during the year, abc lp generated a ($97,000) loss. how much of sue's loss is disallowed due to her tax basis or at-risk amount?
zero; all of her loss is allowed to be deducted.
$3,400 disallowed because of her at-risk amount
$4,800 disallowed because of her tax basis
$6,800 disallowed because of her tax basis
$6,800 disallowed because of her at-risk amount
Answers: 2
Business, 21.06.2019 12:30, rjmarin592ovzbn9
Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car. d
Answers: 1
Business, 22.06.2019 21:00, sofiaisabelaguozdpez
Roberto and reagan are both 25 percent owner/managers for bright light inc. roberto runs the retail store in sacramento, ca, and reagan runs the retail store in san francisco, ca. bright light inc. generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light inc. is an s corporation, how much income will be allocated to roberto?
Answers: 2
Business, 22.06.2019 21:10, dooboose15
Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
Answers: 3
Business, 22.06.2019 22:00, ethanw8973
Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.
Answers: 2
Sue invested $12,000 in the abc limited partnership and received a 10 percent interest in the partne...
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