Trombly purchased 10% of ABC stock for $100,000 on 1/1/17. Data regarding these securities follow: For the Year Ended Market Value December 31, 2017 $109,000 December 31, 2018 89,000 December 31, 2019 94,000 Assume that Trombly erroneously accounted for these equity securities as if they were "Available for Sale" bonds since their purchase. Net Income for 2019 will be: "g"

Describe the three different ways the argument section of a cover letter can be formatted

Read the following paragraph, and choose the best revision for one of its sentences. dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?