Business, 05.05.2020 09:18 kealinwiley
Sophie is a 10 percent owner in Canine Connection, LLC, a day-care center for dogs. She is also a 15 percent owner in Little Laughter, LLC, a successful childrenâs clothing store. She does not materially participate in either business. Her at-risk and loss/income for the current year is as follows:
⢠Canine Connection-At-risk = $140,000; Loss of $300,000
⢠Little Laughter-At-risk = $50,000; Income of $$130,000
She also has wage income of $80,000 and capital gain income of $30,000.
Which of the following statements is true?
a. The loss suspended because of the at-risk rules is $110,000 and the loss suspended because of the passive activity loss rules is $60,000.b. The loss suspended because of the at-risk rules is $110,000 and the loss suspended because of the passive activity loss rules is $0.c. The loss suspended because of the at-risk rules is $160,000 and the loss suspended because of the passive activity loss rules is $10,000.d. The loss suspended because of the at-risk rules is $160,000 and the loss suspended because of the passive activity loss rules is $80,000.
Answers: 1
Business, 21.06.2019 15:40
There is a cost associated with each source of financing. discuss the cost of debt, preferred stock, common stock, and retained earnings in detail. which source of financing is typically less expensive? why? why do financial managers try to determine the optimal capital mix? be specific.
Answers: 1
Business, 22.06.2019 21:20
Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor
Answers: 2
Business, 22.06.2019 23:00
Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?
Answers: 2
Business, 23.06.2019 00:20
E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability
Answers: 3
Sophie is a 10 percent owner in Canine Connection, LLC, a day-care center for dogs. She is also a 15...
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