Spence, Inc., a calendar year S corporation, generates an ordinary loss of $110,000 and makes a distribution of $140,000 to its sole shareholder, Storm Nelson. Nelson's stock basis and AAA at the beginning of the current year are $200,000. Complete the memo to your senior manager, Aaron McMullin, discussing the tax treatment of Spence's activities. If an amount is zero, enter "0". TAX FILE MEMORANDUM Date: October 3, 2019 Re: S corporation losses and distributions

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?

Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative

On analyzing her company’s goods transport route, simone found that they could reduce transport costs by a quarter if they merged different transport routes. what role (job) does simone play at her company? simone is at her company.