Jack, age 30 and married with no dependents, is a self-employed individual. for 2018, his self-employed business sustained a net loss from operations of $10,000. the following additional information was obtained from his personal records for the year:

nonbusiness long-term capital gain $ 2,000
interest income 6,000
itemized deductions—consisting of taxes and interest (26,000)

based on the above information, what is jack's net operating loss for 2018 if he and his spouse file a joint return?
a. ($8,000)
b. ($10,000)
c. ($28,000)
d. ($2,000)
e. ($25,000)

Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?

What is used by accountant to analyze transactions ?

As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits