On September 3, 2018, Able, a single individual, purchased § 1244 stock in Red Corporation from his friend Al for $60,000. On December 31, 2018, the stock was worth $85,000. On August 15, 2019, Able was notified that the stock was worthless. How should Able report this item on his 2019 tax return?

Answers

Answer 1

He should ask them why it was worthless then after a while of thinking maybe have and idea on how to use it again


Related Questions

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Answer:

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Mention any there objectives of Accounting​

Answers

Answer:

objectives of accounting in any business are:-

systematically record transactions sort and analysing them, prepare financial statements position, and aid in decision making with financial data and information about the business.

hope it is helpful....

WILL GIVE BRAINLIEST TO FIRST CORRECT ANSWER!
Sandra deposits $3,000 at the end of each semiannual period for 12 years at 10% interest compounded semiannually. Determine the amount she will have in the account after 12 years. Round to the nearest cent.
a. $133,506.00
b. $140,181.30
c. $121,291.43
d. $70,568.14

Answers

Answer:

b

Explanation:

$140,181.30

Answer: its A

Explanation:

$133,506.00


Timothy's company manufactures denim wear for young adults. He wants to understand how the trend is moving in this market. Which business
In his distribution value chain should he consult for the best market Intelligence regarding consumer preferences?
A. manufacturer
B. vendor
C. retailer
D. customer
E. distributor

Answers

Answer:

The actual answer is retailer

Explanation:

got it right on the test (plato user)

CollegePak Company produced and sold 86,000 backpacks during the year just ended at an average price of $46 per unit. Variable manufacturing costs were $20.00 per unit, and variable marketing costs were $6.68 per unit sold. Fixed costs amounted to $556,000 for manufacturing and $228,800 for marketing. There was no year-end work-in-process inventory. (Ignore income taxes.) Required:Compute CollegePak’s break-even point in sales dollars for the year. (Do not round intermediate calculations. Round your final answer up to the nearest whole dollar.)Compute the number of sales units required to earn a net income of $620,000 during the year. (Do not round intermediate calculations. Round your final answer up to nearest whole number.)CollegePak's variable manufacturing costs are expected to increase by 10 percent in the coming year. Compute the firm’s break-even point in sales dollars for the coming year. (Do not round intermediate calculations. Round your final answer up to the nearest wh

Answers

Answer:

Part 1

$1,868,571

Part 2

72,713 units

Part 3

$ 2,065,263

Explanation:

Break even point is the point where a firm makes neither a profit nor a loss.

Break even point (sales dollars) = Fixed Costs ÷ Contribution Margin Ratio

Where,

Contribution Margin Ratio = Contribution ÷ Sales

                                            = (Sales - Variable Costs) ÷ Sales

                                            = ($46.00 - $20.00 - $6.68) ÷ $46.00

                                            = 0.42

Therefore,

Break even point (sales dollars) = ($556,000  + $228,800) ÷ 0.42

                                                    = $ 1,868,571.429

                                                     = $1,868,571

Units to achieve a target profit = Fixed Costs + Target Profit ÷ Contribution per unit

Where,

Contribution per unit = Sales per unit - Variable Costs per unit

                                   = $46.00 - $20.00 - $6.68

                                   = $19.32

Therefore,

Units to achieve a target profit = ($556,000  + $228,800 + $620,000) ÷ $19.32

                                                   = 72,712.21532

                                                    = 72,713

After 10% increase in variable manufacturing costs.

Variable manufacturing costs = ($20.00 × 1,10)

                                                 = $22

Contribution Margin Ratio will be   = (Sales - Variable Costs) ÷ Sales

                                                          = ($46.00 - $22 - $6.68) ÷ $46.00

                                                          = 0.37652

                                                          = 0.38

Break even point (sales dollars) = ($556,000  + $228,800) ÷ 0.38

                                                     = $ 2,065,263.15

                                                     = $ 2,065,263

             

When submitting your résumé using an online fill-in-the-blank form, why is it better to copy and paste text from your résumé, rather than re-type the text?

Answers

To eliminate the risk of typos.

Individual sections of a resume must be copied and pasted into a slot on a Fill-in-the-blank form.Because your resume should be excellent, you'll want to copy and paste as much as possible from your original resume to eliminate the risk of typos. Only use important text if necessary, and proofread thoroughly.

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the greater the dash the easier the object will move​

Answers

Answer:

correct. its true and I absolutely agree with you. good job

Explanation:

Bc y=2x-1^3 is the equation

This document shows that you are allowed to work in the United States:
a. cover letter
b. résumé
c. job application
d. work permit

Answers

Answer:

d. work permit

Explanation:

The work permit is also referred to as the Employment Authorization Document or EAD. A work permit has the same design as a driver's license. It is issued by US Citizenship and Immigration Services (USCIS).

Foreigners coming into the US need to obtain a work permit to enable them to seek employment. The work permit card is presented to potential employers as proof that a person is duly authorized to work in the USA.

Answer:

D. Work permit

Explanation:

Did the quiz

Would pebbles at the beach make a good form of money explain why or why not.

Answers

Answer: there are some pebbles but some can be really rare find out why.

Explanation: They are pretty tiny, in order that they may be accustomed obtain most things. they're going to not rot or otherwise disappear. the matter is that pebbles square measure approach too common to use for cash. If anyone will blast off to a beach or different such place and acquire tons of a substance, it's not terribly helpful as cash.

How and why is SWOT (strengths, weakness, opportunities, and threats) used in the marketing plan ?

Answers

Answer:

SWOT Analysis is a simple but useful framework for analyzing your organization's strengths, weaknesses, opportunities, and threats. It helps you to build on what you do well, to address what you're lacking, to minimize risks, and to take the greatest possible advantage of chances for success.

Explanation:

How do economists determine whether an economy has entered a recession
in its business cycle?
O A. It alternates rapidly between periods of extreme growth and
decline.
O B. It experiences a contraction that lasts for at least two economic
quarters in a row.
C. It experiences contractions and expansions without peaks or
troughs.
O D. It has a negative value in its steady growth line for less than one
quarter.

Answers

It experiences a contraction that lasts for at least two economic quarters in a row is the correct option.

economic quarters typically determine whether an economy has entered a recession in its business cycle by analyzing its Gross Domestic Product (GDP) growth rate. A recession is generally defined as a significant decline in economic activity, typically characterized by a contraction in GDP for two consecutive quarters or more.

Economists also look at other indicators such as employment rates, consumer spending, and business investment to confirm whether the economy is in a recession. These indicators help economists understand the overall health of the economy and its ability to recover from a recession. Option A is incorrect because rapid alternation between growth and decline does not necessarily indicate a recession.

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#SPJ1

If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens Rises from 300 rooms per night to 350 rooms per night. Therefore, the income elasticity of demand is positive , meaning that hotel rooms at the Triple Sevens area normal good .

Answers

Answer:

True

Explanation:

income elasticity of demand = % change in quantity demanded / % change in income

income elasticity of demand = 16.7% / 20% = 0.83, since it is positive, then they are normal goods but not luxury goods since the income elasticity of demand is ≤ 1.

If IED is negative, that means that a good is an inferior good, since the more you earn, the less you consume.

Imagine that Art’s Flower Shop has blossomed into a large, sophisticated corporation, that advertises in the yellow pages and also spends thousands each year in its online advertising. Imagine also that the local government has required advertising services to buy a license, to raise money for the city.

Answers

Answer:

1)B. that the printer's conduct was gross negligence

2)D. No, because Art's is the party trying to enforce the contract

Explanation:

Imagine that Art’s Flower Shop has blossomed into a large, sophisticated corporation, that advertises in the yellow pages and also spends thousands each year in its online advertising. Imagine also that the local government has required advertising services to buy a license, to raise money for the city.

1)In order to win its case, Art's will have to prove __________

A. that its business suffered hugely when the yellow pages ad was omitted

B. that the printer's conduct was gross negligence

C. that flowers are important to the public welfare

2)If the yellow page printer does not have an advertising license, can it argue that it is not liable because it had no contract at all with Art's? ______________.

A. Yes, because it had no license

B. No, because the license is merely to raise money for the city

C. Yes, unless it had submitted an application for license and the application was pending

D. No, because Art's is the party trying to enforce the contract

D. No, because Art's is the party trying to enforce the contract

We are informed about an Art’s Flower Shop that has blossomed into a large, sophisticated corporation, that advertises in the yellow pages and also spends thousands each year in its online advertising. Imagine also that the local government has required advertising services to buy a license, to raise money for the city.

1) In order to win its case, Art's will have to prove that the printer's conduct was gross negligence.

gross negligence is when something, legal obligation, someone, lack maintainance, care. Or there is voluntary disregard. Therefore, if he want to win the case he has to prove that the printer's conduct was gross negligence.

2)If the yellow page printer does not have an advertising license, can it argue that it is not liable because it had no contract at all with Art's?

There is no argument that can be won here because, the enforcement of the contract is from the Art itself.

Which results are more likely for someone without personal finance skills? Select three options.
larger long-term credit or loan costs
less preparation for emergencies
fewer utility expenses
simple long-term investment strategies
increased long-term challenges

Answers

Answer:

1,2 & 5

Explanation:

Answer:

1, 2, 5

Explanation:

edge 2021

1. You are enployed as a sales associate in a clothing store that has a frequent shopper
reward program For example, for every $100 spent, customers eam 10 points. When
they reach 1000 points they eam a $10 reward certificate. A friend who is not registered
in the frequent shopper reward program wants you to accept a $25 off certificate as
payment for a shirt. The prograny's guidelines state that points are not transferable and
they can only be used by a member. What will you do?

Answers

Answer:

dwddddd

Explanation:

Which type of business proposal or report is most likely to capture the attention of your manager? Explain your choice using information from this reading week's material. The use of social platforms, electronic and web-based communication is on the rise. How would you effectively include electronic and social media to reach a wider audience? Create and share the plan you develop using the AIDA model. (Hint: AIDA – Attention, Interest, Desire, Action)

Answers

Answer:

I believe a memo business proposal or report would capture the managers attention.     I believe this is the best choice because it will be detailed it will have all the research and data already done and included in the report. It will also give the audience new information and make them want to take action.

I would effectively include many different social websites, such as face book posting it on the community's web page about the health and wellness event, I would put up a capturing quote and twitter about health and wellness and tweet it. I would have friends and family share a post that I had written up about it, I would do live pod casts about the event and how it could change you and make you healthier. I would also send out emails to local business to see if they would let their customers know about the event.

Attention: Would you like to feel better physically and mentally? Would you just like information on how to get healthier?

Interest. We have a health and wellness community event going on were you can get new information on getting healthier. You may be experiencing physical or mental health issues and just need a helping hand or someone to guide you on were to get started to get the help you need.

Desire. If you desire a healthier happier you and want to feel great inside and out. Maybe you want to gain information for a family or friend on how they can get healthy.

Action. All you have to do is come to this Health and wellness community event and get the information you need to get started.

Explanation: when I was asked this same question for a discussion post in collage this was my reply to it.

A business proposal can be understood as a document written and addressed to potential customers with the aim of completing a commercial agreement.

A proposal or report most likely to catch your manager's attention is one that is well-structured and written in a persuasive and accurate way, where the potential customer can easily see the benefits of completing the business agreement.

It is necessary that the proposal is written in formal and professional language, with a descriptive and easy-to-understand layout.

The internet has enabled greater reach in attracting customers, which represents a great advantage in sending business proposals and, consequently, greater chances of having a deal closed.

Social media, for example, significantly impacted the relationship between companies and consumers, relationships are closer and more direct, and companies need to adapt their processes to generate value to their potential audience to engage and attract new customers.

The AIDA model is a marketing tool that can be very useful for an organization to understand and delineate the conscious and unconscious consumer behaviors in a purchasing process and thus develop an effective strategic strategy to attract and retain customers.

Attention: It is the process that the customer gets to know the brand, and its products and services.

Interest: It is the stage where the company begins to capture the consumer's interest in its products and services.

Desire: At this stage, the consumer already knows the brand's products and services and the added benefits, which generates the desire to purchase through emotional communication developed with the brand's values.

Action: Stage where the consumer is actually motivated to make the purchase, through facilitating stimuli proposed by the brand.

Therefore, social platforms, electronic communication and web-based communication boosted business and facilitated communication with a larger base of potential customers.

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Which benefit is shared by both Monopolies and Oligopolies?

A. They drive down prices by competing for the same customers.

B. They are highly regulated by the government groups that control them.

C. They have Access to enough capital to operate in high-cost industries.

D. They provide consumers with a wide range of choices for products.

APEX​

Answers

Answer:

C. They have Access to enough capital to operate in high-cost industries.

Explanation:

Both monopolies and oligopolies have some common traits, and one of the most important ones is that they all have a large market power. Their power comes from high entry barriers to the industries in which operate in. Generally these industries are high-cost industries, e.g. it costs billions to build the electric grid of a large city. These high entry barriers decrease or virtually eliminate the possibility of competition.

Answer: They can Harm Consumers by fixing prices.

Explanation:

Just took the quiz on A_pex :) It may not be one of his choices but it could be yours :) Hope this helps, mark it the brainliest pls !

A government adopts a less progressive rate on income taxes. According to
the table, which citizen is more likely to pay a larger percentage of his or her
income in taxes as a result of this fiscal policy?
Citizens
Citizen A: A wealthy business owner
Citizen B: A poor farmer
A. Neither citizen
B. Citizen A
C. Citizen B
D. Both citizens

Answers

A wealthy business owner is more likely to pay a higher percentage of his or her income in taxes under progressive rate on income taxes.

what is progressive tax system?

Progressive tax system refers to a tax system that increases tax rate as the taxable income increases.

For example, a progressive tax system would increase the tax rate from 3% to 20% if the income bracket of the individual increases.

Therefore this type of tax system favors individuals in lower income bracket as they pay less with respect to percentage of their income when compared to wealthy individuals

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Answer:

its citizen B

Explanation:

took the test

1.7.2
Explain any TWO reasons why the team experienced the storming stage

Answers

Hi, you've asked an incomplete question. However, here's a brief about the storming stage.

Explanation:

The Storming stage as the name implies refers to a phase where there are storm-like issues or disputes among team members.

Common reasons why a team experiences the storming stage includes:

when there is conflict among team members, because of differences in how to go about work.when some begin to question the authority of others in the team.  For example, the team leader's authority may be questioned by others. failure to accept all of the team's goals.

When making a major purchase, people should
O consider their future needs.
O always finance the product.
O buy the most expensive product.
O weigh what their friends think.

Answers

Consider their future needs, you don’t want to buy something and use all your money if you need other things to

Think about their future requirements; you don't want to spend all of your money on one item if you need other items. Hence option A is correct .

Why should we purchase wisely ?

Consider your budget as a "spending plan," a technique to keep track of the amount of money you have, the expenses it must cover, and any leftover funds. Your spending plan should prioritize your "needs" before any attainable "wants." Your expenses should be at or below the level of your gross income.

Customers may choose not to purchase a good or service for a variety of reasons. Sometimes it is because they are unable to locate what they are seeking for. Others charge an excessive price. Additionally, a buyer might not always have enough faith in a company to make a transaction.

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# SPJ 5

state ant Three activities that took place during the forming stage

Answers

Answer:

Each stage plays a vital part in building a high-functioning team. In 1965, a psychologist named Bruce Tuck-man said that teams go through 5 stages of development: forming, storming, norning, performing and adjourning.

Explanation:

how can you save money by living at home while enrolled in post secondary school or training .

Answers

Answer:training can save money on. answer choices. books but it raises costs for tuition

Explanation:

You are in the process of purchasing a new automobile that will cost you​ $27,500. The dealership is offering you either a​ $2500 rebate​ (applied toward the purchase​ price) or​ 1.9% financing for 48 months​ (with payments made at the end of the​ month). You have been preminus approved for an auto loan through your local credit union at an interest rate of​ 6.5% for 48 months. If you forgo the​ $2500 rebate and finance your new car through the dealership your monthly payments​ (with payments made at the end of the​ month) will be closest​ to: A. ​$573 B. ​$520 C. ​$595 D. ​$799

Answers

Answer:

C. ​$595

Explanation:

The computation of the monthly payment at the end of the month would be computed by using the spreadsheet.

In this two attachment is attached one contains the final values and the other ones contains the formula so that it would create a better understanding

Hence, the monthly payment is $595 and the same is to be considered

Ashleigh hires a group of security staff. Each worker works an average of 80 hours per month at $14/hour. If her monthly labor cost for security workers is $23,520, how many security workers did Ashleigh hire? a) 15 b) 21 c) 36 d) 47

Answers

Answer:

b) 21

Explanation:

Each worker works an average of 80 hours per month and earns $14 per hour.

Each employee will earn 80 hours multiplied by $14

=80 x $14

=$1,120

If the monthly labor cost for security worked is $23,520, she has hired

=$23,520/$1,120

=21 security workers

Answer: 21 workers

Explanation:

What could happen when requesting an interview if a job applicant hadn't prepared a 30-
Second Commercial?

Answers

You will not get the job without a commercial

Henry has been newly appointed as the head of the HR team at AAS Technologies. In an attempt to establish a more efficient and reliable workflow, Henry has taken up the responsibility of creating job descriptions and job specifications for the newly hired and current engineers within the organization. While doing so, Henry gathers information about the knowledge, skills, abilities, and other characteristics (KSAOs) required for an engineer to successfully perform the job. How will determining the KSAOs most benefit the organization?

Answers

Answer:

Explained below

Explanation:

KSAOs or knowledge, skills, abilities, and other characteristics, are the unique set of criteria required by a hiring agency or company for a particular job.

Henry, being the HR head at AAS Technologies looks for these features in a desirable candidates to find common sync between the job requirements and the capabilities of the candidate. It proves to be an effective method to filter out less desirable job seekers.

Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925,000. If uncollectible accounts are estimated to be 0.5% of sales, what is the amount of the bad debts expense adjusting entry? A. $4,625 B. $3,960 C. $5,290 D. $4,750 E. $4,825 57,1 17.

Answers

Answer:

A. $4,625

Explanation:

Items                                            Amount

Sales                                             $925,000  

Uncollectible percentage              0.50%    

Amount of Bad debts expense  $4,625  

($925,000 * 0.50%)

The amount of the bad debts expense adjusting entry should be considered as the option A. i.e. $4,625.

Calculation of the amount of the bad debts expense:

Since

Accounts Receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925,000.

And, there is uncollectible accounts are estimated to be 0.5% of sales

So, here the bad debt expense should be

= 0.50% of $925,000

= $4,625

hence, the option a is correct.

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Type the correct answer in the box. Spell the word correctly. Which trait is described in the given sentence? is acting consistently according to one's values and principles. ​

Answers

Answer:

integrity

Explanation:

Answer:

integrity

Explanation:

What is the definition of business

Answers

Answer:

See below

Explanation:

Business refers to the practice of producing or purchasing goods and services for sale to make a profit. It is the act of engaging in commercial activities of buying and selling products and services for profits.

Business entails individuals and companies' activities of supplying desired products and services to customers with profit motives. A businessperson identifies a need in the community. He or she sells to the community goods or services that satisfy that need a higher price to make a profit.

The primary purpose of TV, magazines, movies is to entertain.

True
False

Answers

Answer:

True, but to inform as well

Explanation:

Other Questions
Which radical faction of the French Revolution, led by Jean Paul Marat, Georges Danton, and Robespierre, used violence against their political enemies, culminating in the bloody "Reign of Terror"? 4. The seven minerals the body needs in significant amounts to stay healthy are magnesium, phosphorus, chlorine, sulfur andO potassium, iron, fluorineO calcium, sodium, potassiumO sodium, iron, seleniumO iodine, iron, zinc 1. clumped population dispersal ___ resourcesa) shareb) competec) are independent ofd) disperse2. The level in which a population can no longer grow due to limited resources is referred to as,a) K, carrying capacity b) L, limited growth ratec) D, death rated) N, no more nutrients3.Most life on Earth exhibits which form of population growth curve?a) logisticb) exponential c) algebraicd) deductive Use the calculator to evaluate the function y = 1 *2 - 2 for the given values of x.x= 4, y =x=6, y= Mark has $146 in his savings account. He withdraws $41, deposits $98, and then withdraws $64. Find the balance of his account. What's the answer? Use subsoil in a sentence. Arnold puts $580 in a savings the account pays 3% simple interest. how much interest will he earn in 5 years Given the relation A = {(5,2), (7,4), (9,10), (x, 5)}. Which of the following values for x will make relation A a function? 947 Identify the correct sentence.A."Octavia, may I have some orange juice?" he asked.B."Octavia, may I have some orange juice? he asked.C."Octavia, may "I have some orange juice?" he asked.D."Octavia, may I have some orange juice? he" asked. Given the expression 2m - 7x + 6 + 3x - 4 what are the CONSTANTS? For a statistics project a community college student at Diablo Valley College decides to investigate cheating in two popular majors at DVC: business and nursing. She selects a random sample of nursing and business courses and convinces the professors to distribute a short anonymous survey in their classes. The question about cheating is one of many other questions about college life. When the student summarizes the data, she finds that 42 of the 50 business students and 38 of the 70 nursing students admitted to cheating in their courses. Can the student proceed with the calculation of the confidence interval for the difference in population proportions? A text that lists benefits of owning a dog from least Importance to greatest importance uses___________ order.1. transitional 2.logical3. chronological 4. spatial5. climatic How is burning a piece of wood a chemical change, while boiling water is not? I dont get it....well i do but i need a answer.:/ Plsss help, will reward brainliest!!! Thank you.Look at picture^^^ Avery and Carmen both have summer jobs Avery gets paid $360 every four weeks, and gets paid $480 every six weeks summer break lasts a total of 12 weeks who earn more money during summer break every earns dollars per week Carmen earns dollars per week 4 movie tickets cost $48. At this rate, what is the cost of 11 movie tickets? Brett, who is 5 ft tall, is standing next to a flag pole. Brett's shadow is 8 feet long. The flagpole's shadow is 24 feet long. How tall is the flag pole? Suppose 1 in 10 people on campus have blonde hair. In 20 random encounters, what is the probability of meeting at least one person with blonde hair? If we increase our food intake, we generally gain weight. Nutrition scientists can calculate the amount of weight gain that would be associated with a given increase in calories. In one study, 16 nonobese adults, aged 25 to 36 years, were fed 1000 calories per day in excess the calories needed to maintain a stable body weight. The subjects maintained this diet for 8 weeks, so they consumed a total of 56,000 extra calories. According to theory, 7700 extra calories will translate into a weight gain of 1 kilogram. Therefore, we expect each of these subjects to gain 56000/7700=7.3 kilograms. The weights in kilograms before and after the 8-week period are shown below:ID: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16Before: 55.7 54.9 59.6 62.3 74.2 75.6 70.7 53.3 73.3 63.4 68.1 73.7 91.7 55.9 61.7 57.8After: 61.7 58.8 66.0 66.2 79.0 82.4 74.3 59.3 79.1 67.0 73.4 76.9 93.1 63.0 68.3 60.3(1) For each subject, manually calculate the weight gain subtracting the weight before from the weight after. HELP ME PLEASEEEEI only know how to do this in division, not multiplication