Gainey Resources purchased $100,000 worth of 8%, $1,000 par value, 10-year term bonds from Camarena Company on July 18, 2017, for $103,200. Beginning in 2019, Camarena has been unable to pay their bond interest payments, and the market price of the bonds has continued to drop. In 2020, the market price of the bonds was $65,700. After testing, Gainey decided that they would likely never recover more than 80% of their initial investment. According to Gainey, these bonds have suffered impairment. should be amortized more rapidly than normal. have suffered unrecoverable loss. should be written off completely.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

It would be choice c (1040ez)

There's no picture attached but entrepreneur means a business person.

I’ll try to check this out.