Business, 26.11.2019 01:31, lolmaster101
On january 1, 2017, leo paid $15,000 for 5 percent of the stock in bls, an s corporation. in november, he loaned $8,000 to bls in return for a promissory note. bls generated a $600,000 operating loss in 2017. bls generated $408,000 ordinary business income in 2018.a. how much of leo’s share of this income is included in his 2018 taxable income? b. compute leo’s basis in his bls stock and his bls note at the end of 2018.c. how would your answers to parts a and b change if bls’s ordinary business income was only $220,000?
Answers: 3
Business, 21.06.2019 23:10, josie311251
At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?
Answers: 2
Business, 22.06.2019 08:30, Maelynne8515
In risk management, what does risk control include? a. risk identification b. risk analysis c. risk prioritization d. risk management planning e. risk elimination need this answer now : (
Answers: 3
Business, 22.06.2019 11:10, amunson40
The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?
Answers: 2
On january 1, 2017, leo paid $15,000 for 5 percent of the stock in bls, an s corporation. in novembe...
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