During 2018, Miles Nutt, the sole shareholder of a calendar year S corporation, received a distribution of $16,000. On December 31, 2015, his stock basis was $4,000. The corporation earned $11,000 ordinary income during the year. It has no accumulated E P. Which statement is correct? a. Nutt recognizes a $1,000 long-term-capital gain. b. Nutt’s stock basis will be $2,000. c. Nutt’s ordinary income is $15,000. d. Nutt’s return of capital is $11,000. e. None of the above.
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Business, 22.06.2019 11:00, pum9roseslump
While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?
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Business, 22.06.2019 16:20, tristan4233
Carlos hears juan and rita’s complaints about the new employees with whom they have to work with, as well as their threats to quit the company. if carlos were to reassign juan and rita to new, unique roles and separate them from the ronny and bill, it would signal that carlos has moved into the stage of managing resistance.
Answers: 3
Business, 23.06.2019 02:00, gthif5424
Which of the following describes a situation of scarcity? a. someone offers free advice about getting into college. b. someone distributes free bottles of water at the beach. c. a child charges friends for a ride on his new bike. d. a person lets the kids in the neighborhood use his pool.
Answers: 1
Business, 23.06.2019 02:30, d1Dej
Markets and competition in a perfectly competitive market, all producers sell identical goods or services. additionally, there are many buyers and sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are pricetakers . true or false: the market for lettuce does exhibit the two primary characteristics that define perfectly competitive markets. true false
Answers: 2
During 2018, Miles Nutt, the sole shareholder of a calendar year S corporation, received a distribut...
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