Chandra was the sole shareholder of pet emporium, which was originally formed as an s corporation. when pet emporium terminated its s election on august 31, 2018, chandra had a stock basis and an at-risk amount of $0. chandra also had a suspended loss from pet emporium of $9,700. what amount of the suspended loss is chandra allowed to deduct, and what is her basis in her pet emporium stock at the end of the post-termination transition period under the following alternative scenarios (assume pet emporium files for an extension to file its tax returns)? (leave no answer blank. enter zero if applicable.) b. chandra makes capital contributions of $5,700 on september 1, 2019, and $5,700 on september 30, 2019.

Who has summer school : ( because i do : (

Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.