The following information applies to the questions displayed below.]
For the following indepen...
Business, 18.02.2020 19:20, ylianafghgfdsnm1479
The following information applies to the questions displayed below.]
For the following independent cases, determine whether economic income is present and, if so, whether it must be included in gross income (that is, is it realized and recognized for tax purposes?). (Leave no answers blank. Enter zero if applicable.)
a. Asia owns stock that is listed on the New York Stock Exchange, and this year the stock increased in value by $20,000.
economic income ( )
Amount included in gross income( )
b. Ben sold stock for $10,000 and paid a sales commission of $250. Ben purchased the stock several years ago for $4,000.
economic income ( )
Amount included in gross income( )
c. Bessie is a partner in SULU Enterprises LLC. This year SULU reported that Bessie’s share of rental income was $2,700 and her share of municipal interest was $750.
economic income ( )
Amount included in gross income( )
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 18:20, daya88
Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.
Answers: 3
Business, 22.06.2019 20:10, spicee68003
Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.
Answers: 1
Do you know the correct answer?
Questions in other subjects:
