In 2017, kipp invested $65,000 for a 30% interest in a partnership conducting a passive activity. his investment consisted of $50,000 in cash and a $15,000 non-recourse promissory note. the partnership reported losses of $200,000 in 2017 and $100,000 in 2018, kipp's share being $60,000 in 2017 and $30,000 in 2018. a) how much of the losses from the partnership can kipp deduct assuming he owns no other investments and does not actively participate in the partnership's operations? b) how much loss remains suspended on december 31, 2018 due to lack of basis? c) how much loss remains suspended on december 31, 2018 due to lack of at-risk? d) how much loss remains suspended on december 31, 2018 due to the passive activity limitations?

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

(05.04 mc) a 2012 report from the u. s. surgeon general stated: "another common practice is strategically locating tobacco-related marketing materials where young children will be exposed to them. tobacco industry executives acknowledge that products and advertising should be placed at eye level (pollay 2007), but in california, 48% of stores had at least one cigarette marketing item at or below 3 feet from the floor (feighery et al. 2001)." it was also noted that 25% of cigarette displays were next to candy. in addition, a national study found that about one-third of the stores had tobacco ads at low heights. after california banned counter displays, some stores place cigarettes in transparent displays so product brands could still be seen. why did some stores use transparent units to display the cigarettes? (3 points) to comply with the new rules while still encouraging cigarette purchases via visual exposure to ensure children and minors are not exposed to cigarettes and their eye-catching packaging to minimize exposure to humidity, extending the shelf life of the cigarettes' tobacco to reduce the occurrence of shoplifting, since cigarettes are high-revenue items

Rats that received electric shocks were unlikely to develop ulcers if the