subject
Business, 10.08.2021 01:00 brizz1502

Jessica is a one-third owner in Bikes-R-Us, an S corporation that experienced a $49,500 loss this year (year 1). Assume her stock basis is $11,800 at the beginning of the year and that at the beginning of year 1 Jessica loaned Bikes-R-Us $3,450. In year 2, Bikes-R-Us reported ordinary income of $12,900. a. What amount is Jessica allowed to deduct in year 1?
b. What are her stock and debt bases in the corporation at the end of year 1?
c. What are her stock and debt bases in the corporation at the end of year 2?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 02:30
Question 1 which of the following tasks use your roommate as a resource? choose all answers which apply. take order wash the mixer’s bowl and mix the dough spoon cookies onto the tray unload the cookies from the oven pack the cookies 1 points question 2 which of the following tasks use the tray(s) as a resource? choose all answers which apply. take order wash the mixer’s bowl and mix the dough bake the cookies cool the cookies accept payment 1 points question 3 determine the task time for the following tasks. fill integer numbers into the blank (e.g., 5 rather than 5.0) wash and mixing the dough: minute(s)/order spoon cookies onto the tray: minute(s)/order set up timer: minute(s)/order bake: minute(s)/order cool the cookies: minute(s)/order pack the cookies: minute(s)/order accept payment: minute(s)/order 2 points question 4 q4: determine the cycle time for the following resources. fill integer numbers into the blank (e.g., 5 rather than 5.0) kristen (you): minute(s) roommate: minute(s) oven: minute(s) 2 points question 5 what is the capacity rate (in orders/hour) of the roommate? 1 points question 6 what is the capacity rate (in orders/hour) of the whole process? 2 points question 7 how long (in minutes) it takes to process the first order?
Answers: 3
question
Business, 22.06.2019 09:30
Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?
Answers: 2
question
Business, 22.06.2019 10:30
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)
Answers: 1
question
Business, 22.06.2019 12:00
Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?
Answers: 1
You know the right answer?
Jessica is a one-third owner in Bikes-R-Us, an S corporation that experienced a $49,500 loss this ye...
Questions
question
Mathematics, 15.09.2020 22:01
question
Mathematics, 15.09.2020 22:01
question
Social Studies, 15.09.2020 22:01
question
Mathematics, 15.09.2020 22:01
question
English, 15.09.2020 22:01
question
Mathematics, 15.09.2020 22:01
question
Mathematics, 15.09.2020 22:01
question
Mathematics, 15.09.2020 22:01
question
Mathematics, 15.09.2020 22:01
question
Mathematics, 15.09.2020 22:01
question
Biology, 15.09.2020 22:01
question
Mathematics, 15.09.2020 22:01
question
Biology, 15.09.2020 22:01
question
Mathematics, 15.09.2020 22:01
question
Mathematics, 15.09.2020 22:01
question
History, 15.09.2020 22:01
question
Social Studies, 15.09.2020 22:01
question
Social Studies, 15.09.2020 22:01
question
Mathematics, 15.09.2020 22:01
question
Mathematics, 15.09.2020 22:01
Questions on the website: 13722367