Kaiwan, Inc., a calendar year S corporation, is partly owned by Sharrod, whose beginning stock basis is $140,000. During the year, Sharrod's share of a Kaiwan long-term capital gain (LTCG) is $21,000, and his share of an ordinary loss is $84,700. Sharrod then receives a $84,000 cash distribution.

Sharrod's deductible loss  = stock basis + long term capital gains - cash distribution = $140,000 + $21,000 - $84,000 = $77,000

Sharrod's suspended loss  = share of ordinary loss - deductible loss = $84,700 - $77,000 = $7,700

Sharrod's new basis in Kaiwan stock  = $0

Explanation:

Sharrod's loss cannot be greater than his basis, that is why only $77,000 can be deducted and $7,700 can be carried forward.

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

the correct answer is b.)