Mr. Forest, a single taxpayer, recognized a $252,000 loss on the sale of Section 1244 stock. What is the character of this loss

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Answer 1

Based on current tax laws, the character of this loss is $50,000 ordinary loss and $202,000 capital loss.

Tax laws stipulate that when it comes to losses from section 1244 stock, $50,000 is the maximum that can be stipulated for losses to a single person with the rest being treated as capital loss.

This means that $50,000 will be stipulated as ordinary losses here and the capital loss will be:

= 252,000 - 50,000

= $202,000

In conclusion, $50,000 is ordinary loss and $202,000 is capital loss.

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Related Questions

Taxes assessed on which single industry form a significant source of income for the state and add an element of unpredictability when projecting future revenues

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Considering the macroeconomic analysis, Taxes assessed on the Petroleum or Oil industry form a significant source of income for the state and add an element of unpredictability when projecting future revenues.

This is because the petroleum industry is known for its high generating revenue, which has become a significant export for many countries worldwide.

Some countries that rely on petroleum or oil industry include OPEC countries, Russia, Brunei, etc.

However, given that many technologies are trying to move away from Petroleum energy, and due to its non-renewable nature, the revenue from the Petroleum industry is considered unpredictable.

Hence, in this case, it is concluded that the correct answer is Petroleum Industry.

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A major goal of the Social Security Act of 1935 was to provide WHICH of the following guaranteed?
A. Medicare
B. Education
C. Income
D. Automobile Care

Answers

the answer is b i think

Consumers who read, hear, or see the message sent by a source during the marketing communication process are referred to as receivers. encoders. decoders. the target market. sources.

Answers

In a marketing communication process, the class of consumers who read, hear and see the message sent by a source are known as the receivers.

In marketing, the communication process consists of nine elements including the sender, receiver, encoding, decoding, message, media, response, feedback and the noise

The element of marketing that read, hear, or see the message sent by a source during the marketing communication are the receiver because they decode and digest the message.

In conclusion, the consumers are called the receivers in a marketing communication process.

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Which parts of the federal government played a major role in stabilizing the economy after the 2008 economic crisis

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The parts of the federal government that played a major role in stabilizing the nation after the Great Recession were:

The President Congress The Fed

President Obama instituted several Executive Orders aimed at helping the economy and also proposed laws to Congress as well that would help the economy.

Congress passed several laws that increased federal government intervention and made the financial system more secure to help the nation stabilize after 2008.

The Federal Reserve engaged in an aggressive expansionary monetary policy that saw more money pumped into the economy such that the economy was able to rebound.

In conclusion, several federal bodies did what they could to help the nation stabilize after the Great Recession.

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Using ________, measurements such as testing assumptions about the business, attributes the customers like, and retention rates can be collecteD)

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Considering the measurements described above, it is believed that using "innovation accounting" measurements such as testing assumptions about the business, attributes the customers like, and retention rates can be collected.

This is based on the idea made by AI Ries, a renowned marketer who claimed that innovation accounting is a form of evaluation theory that is used to evaluate the difference made to the product and see if this difference is bringing the expected outcomes.

Innovation accounting is used to see beyond the conventional measures such as sales, profits, and return on investment.

Instead, it helps the business owners to examine assumptions about the business, like, sign-ups, and retention rates, etc.

Hence, in this case, it is concluded that the correct answer is "innovation accounting."

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Which of the following explains how the growth of a market-based economy in the united states in the early 1800s most directly influenced changes in gender roles?.

Answers

The growth of an economy in the early 19th century influenced American society by causing changes in gender roles. Women dedicated themselves to the home and men to work outside the home.

The market economy is an economic concept that refers to the economic system in which the free market and private property are the fundamental parts of the trade.

The market economy is related to the capitalist system that took hold since the 19th century. At that time, factories and service companies needed more qualified labor, so men needed to leave their homes to work for companies.

On the other hand, due to the roles historically assigned to women, they could not access education and were therefore not qualified to obtain work in companies. Additionally, they had to stay at home and dedicate themselves to housework because the man was the one who brought the money to the house.

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a competitive firm’s short-run supply curve is its ________ cost curve above its ________ cost curve.

Answers

Answer:

marginal and average total

Explanation:

A competitive firm's short run supply curve is the portion of its marginal cost curve that lies above its average total cost curve.

What hootsuite analytics feature allows you to share an unlimited amount of customizable social analytics data, to surface the performance of your organization’s social accounts to key stakeholders?.

Answers

The Reports feature of hootsuite analytics allows one to share an unlimited amount of customizable social analytics data.

The Hootsuite Analytics is to used to measure the performance of someone's social media activity across multiple social networks.

The reports feature of hootsuite analytics allows one to share an unlimited amount of customizable social analytics data

The reports feature of hootsuite analytics helps to surface the performance of your organization’s social accounts to key stakeholders.

Hence, the Report features is the answer.

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(Please help)

Question: Drag each label to the correct location on the image.
Match the tasks with the professionals who would complete them.

Answers

designs transportation etc = civil engineer

uses equipment to cut down trees = logging

inspects building = energy

reduces the amount of energy = energy

designs and oversees = civil engineer

categorizes trees = logging

Tim purchased a DVD player and speaker system for his home. The total cost of his purchase was $587. 33. Using the stores credit plan, he made a $147. 00 down payment. What amount did he finance?.

Answers

The amount Tim financed with the store's credit plan is $440.33.

Data and Calculations:

Cost of DVD player and system system = $587.33

Down payment = $147.00

Amount financed with store's credit plan = $440.33 ($587.33 - $147.00)

The store's credit plan enabled Tim to purchase the items without making full payment immediately.

Thus, after making the down payment of $147, Tim financed the balance of $440.33 with the store's credit plan.

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The different types of information systems that have been developed to support certain aspects and types of decisions are collectively called _____ systems.

Answers

Answer:

Management Support System

Explanation:

What is created when light is blocked by an opaque object?

Answers

Answer:

Light travels in straight lines. When light is blocked by an opaque object, a dark shadow is formed.

Explanation:

trust me and can i get the crown

the grand strategy of isolationism is interlinked with notions of _____, which promotes the construction of political and economic barriers between domestic and international factors.

Answers

The grand strategy of isolationism is interlinked with notions of protectionism, which promotes political and economic barriers.

Isolationism was a political policy that was undertaken by the United States of America. This caused them to be uninvolved in international affairs especially in Europe and in Asia.

Protectionism is a form of isolationism. It is aimed at protecting the home or the domestic country from foreign competition through the use of quotas, tariffs etc.

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What is the marketing objective for the introduction stage of the product life cycle?.

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The marketing objective for the introduction stage of the product life cycle is to create consumer awareness and encourage the first purchase of the new product.

The product life cycle can be understood as the phases that a product goes through from its introduction on the market, until the product is withdrawn from the market.

There are four stages in the product life cycle, they are:

IntroductionGrowthMaturityDecline

Therefore, the introduction is the first stage of the product lifecycle, in this phase marketing will focus on stimulating the experimentation of the new product available for sale, through advertising and promotion.

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Lexon Corp. produces high-nutrition breakfast products. As it enters into foreign markets, it faces strong pressures for both reducing costs and adapting products for local markets. Based on this, the company should use a

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Since the company faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.

A transnational strategy simply refers to a business structure where the global business activities of a company are coordinated through cooperation and interdependence between the head office and local subsidiaries.

Since Lexon Corp faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.

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Brie has a really busy day. She has several tasks to do and she needs to get them all done by the end of the day. She’s worried that she won’t be able to complete them all. Which of the following actions should her get each task done?
A. NOT LOOK AT THE CLOCK
B. SAVE SOME TASK FOR TOMMOROW
C. SPEND TIME REORGANIZING HER "TO DO" LIST
D. IMPOSE A TIME LIMT ON EACH TASK

Answers

Answer : C

Explanation:

Brie has a really busy day. She has several tasks to do and she needs to get them all done by the end of the day. The following actions should her get each task done spend time reorganizing her "To Do List."

What is "TO DO LIST?

A to-do list is simply a list of tasks that need to be completed. In other words, pretty much anything and everything can be on your to-do list. However, just because you've written your tasks down doesn't mean they'll actually be done. You can prioritize your tasks and produce excellent work by keeping track of when they are due.

It is a list of things you need to get done or desire to do. They are usually arranged according to priority. They serve as a memory aid and are typically written on paper or post-it notes.

Further that TO DO LIST  have to complete is one of the core time management tools. It places all of your tasks in one location. From there, you can order them by importance and focus on the most crucial ones first.

Therefore brain is not the most effective memory tool and only relies on methods that it is certain will work.

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As some of the earliest management theories, scientific management and administrative management comprise the ________ viewpoint. behavioral quantitative systems contemporary classical

Answers

The management viewpoint which is made up of the scientific management and administrative management is known as:

E. Classical viewpoint

According to the given question, we are asked to state the name which is given to the management viewpoint which is made up of the scientific management and administrative management.

As a result of this, we can see that this is one of the earliest management theories as this has to do with the different methods of managing people and resources in a market system.

Therefore, the correct answer is option E

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Sullins Cleaning Service has purchased a new pressure washer for $18,000. Sullins Cleaning is allowed to charge a portion of the company's cost during its useful life against the profits it generates. This practice is called:

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The practice which allowed to charge a portion of the company's cost during its useful life against the profits its generates is known as depreciation.

Depreciation refers to the reduction of the recorded cost of a fixed asset in a systematic manner because of factors like use, wear, tear, obsolescence etc.

The depreciation of the Fixed asset is accounted for in financial accounting by charging the portion of the company's cost during its useful life against the profits its generates.

In conclusion, the practice described in the question is known as depreciation.

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______ ratios measure how much operating income an organization is able to generate relative to assets, owners' equity, and sales.

Answers

According to business strategy, the Profitability ratios measure how much-operating income an organization can generate relative to assets, owners' equity, and sales.

What are Profitability ratios?

Profitability ratios s a form of financial method or procedure in which firms assess or evaluate the ability to generate income or revenue based on the capacity and resources.

Different types or methods of Profitability ratios:

Gross Profit RatioOperating RatioOperating Profit RatioNet Profit RatioReturn on Investment

Hence, in this case, it is concluded that the correct answer is "Profitability ratio."

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The company makes these predictions by finding patterns and relationships in large amounts of data by using machine learning algorithms called __________.

Answers

Answer:

Neural networks

Explanation:

The company makes these predictions by finding patterns and relationships in large amounts of data by using machine learning algorithms called neural networks.

On August 1, a $58,800, 9%, 3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued interest of $23,229.22. The entry to record the first payment on July 31 would include:

Answers

Based on the information given the entry to record the first payment on July 31 would include: Debit to Interest Expense of $5,292.00.

The appropriate journal entry to record the first payment on July 31 based on the information given is:

Journal entry

July 31

Debit Interest Expense $5,292.00

($58,800×9%)

Debit Notes Payable $17,937.22

($23,229.22-$5,292.00)

Credit Cash $23,229.22

(To record first payment)

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Bagel, Inc. issued 50,000 shares of the 100,000 authorized. It has since repurchased 5,000 of its shares. The number of shares outstanding equals ______ shares.

Answers

Based on the information given the number of shares outstanding equals 45,000 shares.

Using this formula

Shares outstanding=Issued shares-Shares repurchased

Where:

Issued shares=50,000 shares

Shares repurchased=5,000 shares

Let plug in the formula

Shares outstanding=50,000-5,000

Shares outstanding=45,000 shares

Inconclusion the number of shares outstanding equals 45,000 shares.

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A corporate bond pays interest on a J/J 15 schedule. An investor purchasing these bonds on Friday, April 17, would pay accrued interest for A) 95 days. B) 92 days. C) 91 days. D) 96 days.

Answers

The corporate bond, which pays interest on a J/J 15 schedule, means that the investor purchasing the bonds on Friday, April 17, would pay accrued interest for D) 96 days.

Each month of a corporate bond contains 30 days. If the corporate bond is for three months, then six additional days are given, making it a total of 96 days (30 x 3 (+ 6 days).

Thus, the investor's accrued interest would be for 96 days.

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The bureaucratic structure that arranges employees by multiple factors such as region, products, or clients is known as the ______ structure.

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Bureaucratic structure is a structure that has  a lot of formalized set of role expectations. The bureaucratic structure that arranges employees by multiple factors such as region, products, or clients is known as the multi-divisional structure.

Bureaucratic structure along with its different roles shows who is expected to do what, how, and when.

This structure is said to be a normative in nature that is often disconnected from decision behavior or process.

The structure often shows the different facets of a mechanistic organization when looking at work specialization, formalization, and centralization.

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When an insurance company needs to provide a payout, the money is removed from the consumer’s income. a bank loan. a pool of funds. the consumer’s account.

Answers

Answer:

a

Explanation:

got it right on edge

When an insurance company needs to provide a payout, the money is removed from the consumer's income is a bank loan. The correct option is a.

What is a money?

Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.

The piece of paper labeled 1 dollar, 10 euros, 100 yuan, or 1,000 yen is little different, as paper, from a piece of the same size torn from a newspaper or magazine, yet it will enable its bearer to command some measure of food, drink, clothing, and the remaining goods of life while the other is fit only to light the fire.

The subject of money has fascinated people from the time of Aristotle to the present day.

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the ________ phase is the most important step in the sdlc process.

Answers

The most important phase of the SDLC is the requirement gathering and analysis phase because this is when the project team begins to understand what the customer wants from the project.

The Requirement Gathering  phase is the most important step in the SDLC process.

What is SDLC  important phases?

Software Development Life Cycle is known to be the use of standard business practices to create software applications.

It is known to be divided into eight steps which are:

PlanningRequirementsDesign Build Document Test DeployMaintain

Conclusively, we can say that the Requirement Gathering  phase is the most important step in the SDLC process as it is the stage where all the information needed for the project or work is put together.

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The difference between actual overhead costs incurred and the budgeted (flexible) total overhead at actual units produced is the:

Answers

Answer:

The difference between actual overhead costs and overhead costs applied to work done, based on standard hours allowed. ... Both standards and budgets are predetermined costs. The primary difference is that a standard is a unit amount, whereas a budget is a total amount.

Explanation:

The difference between the amount of overhead applied throughout the manufacturing process and the actual amount of overhead expenses incurred during the period is known as an overhead cost variation.

So the answer is overhead cost variance.

About overhead cost variance:

As most businesses employ perpetual inventory systems, their inventory costs must be updated in real time.

This means that management cannot wait until the end of the quarter to total all overhead costs and assign them to each task.

Instead, management should forecast future overhead expenses and distribute them throughout the manufacturing process.

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1) Explain in brief the creations of controlled environment for off season vegetable farming.
2)Introduce off-season vegetable farming with its technique & advantages.​

Answers

Answer:

1.the off season vegetable production can be obtained by different ways such as taking use of and utilise various agro climatic condition improve writing choosen adjustment of planting time making plastic tunnels polythene house and permanent glass house to provide control environmental conditions.

2the of seasonal vegetable are those vegetable which can be grown in rainy season using technology The main advantage of off season vegetable is that ensure food security for example tomato can be grown every time using a tunnel of greenhouse technology are genetically modified seed.

an assessment of costs and benefits inevitably involves

Answers

Value judgments and factual uncertainties

You will still be able to get public broadcasting whether or not you contribute to their fundraising campaign. You decide not to contribute. What is this an example of?
A. a public-sector problem
B. an externality problem
C. a public-good problem
D. a free-rider problem

Answers

Answer:

D. a free-rider problem

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