On November 2, 2018, a U. S.-based company with the $US as its functional currency entered into a 90-day futures contract to purchase 90,000 Swiss francs when the contract quote was $1.10. The purchase was for speculation in price movement. The following exchange rates existed during the contract period: 30 Day FuturesSpot Rate November 2, 2018$1.04$1.05 December 31, 2018$1.06$1.08 January 31, 2019$1.07$1.09 What amount should the U. S.-based company report as foreign currency exchange loss in its income statement for the year ended December 31, 2018

Luis and rosa, citizens of costa rica, moved to the united states in year 1 where they both lived and worked. in year 3, they provided the total support for their four young children (all under the age of 10). two children lived with luis and rosa in the u.s., one child lived with his aunt in mexico, and one child lived with her grandmother in costa rica. none of the children earned any income. all of the children were citizens of costa rica. the child in mexico was a resident of mexico, and the child in costa rica was a resident of costa rica. how many total exemptions (personal exemptions plus exemptions for dependents) may luis and rosa claim on their year 3 joint income tax return? a. 6 b. 5 c. 4 d. 2

Elizabeth believes her company has discriminated against her because her minority coworkers, who are less qualified, have been promoted ahead of her. which agency should elizabeth contact? - national alliance of business- affirmative action council- equal employment opportunity commission- federal trade commission- fair employment practices agency

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?