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aleksandr82 [10.1K]
1 year ago
10

On January 1, 2017, Leo paid $15,000 for 5 percent of the stock in BLS, an S corporation. In November, he loaned $8,000 to BLS i

n return for a promissory note. BLS generated a $600,000 operating loss in 2017. BLS generated $408,000 ordinary business income in 2018. How much of Leo’s share of this income is included in his 2018 taxable income?
Business
1 answer:
Elina [12.6K]1 year ago
6 0

Answer:

NONE

Explanation:

The BLS investment do not qualifies to use the equity-method as his percent of  the comany's are below 20%

The investment will yield a gain for Leo when it distribute dividends and from the change in the market value of the share.

Their investment is valued at cost, it do not recognize gains for the company's income or losses.  

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In general, ____ parking spaces are easier to maneuver. A. parallel B. straight-in C. hill D. angle
ycow [4]

Answer:

The answer is A, parallel, although some people think it is hard, it is the most easiest and orderly.

5 0
2 years ago
A firm pays Pam $40 per hour to assemble personal computers. Each day, Pam can assemble 4 computers if she works 1 hour, 7 compu
kherson [118]

Answer:

$1,840

Explanation:

In order to calculate the Marginal cost of producing the computers in 2nd hour of work, we need to add the marginal cost of computer and marginal cost of wage in the 2nd hour of work.

MC = MC(computers) + MC(wage)

MC = $1,800(w) + $40

MC = $1,840

Working

MC (computers ) = 3 x 600$ = $1,800

                hour        computers assembled

                    1st                        4

                    2nd                      7

If pam works 2 hours she can assemble 7 computers but she already assembled 4 computers in 1st hour.

So the 2nd-hour computers will be 3 ( 7 - 4) computers.

4 0
2 years ago
On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exercisable no sooner t
Lilit [14]

Answer:

The amount of Compensation expense to Year 1 is $153,333.

Explanation:

Stock options granted                                       92000

X Fair value on date of grant                          5

Total compensation expense                       460000

Years                                                                    3    

Compensation expense per year 1                       53333

Therefore, The amount of Compensation expense to Year 1 is $153,333.

3 0
2 years ago
The selling and administrative expense budget of Choo Corporation is based on budgeted unit sales, which are 4,600 units for Aug
mr Goodwill [35]

Answer:

Option (c) is correct.

Explanation:

Given that,

Budgeted unit sales for August = 4,600 units

Variable selling and administrative expense per unit = $7.30 per unit

Budgeted fixed selling and administrative expense = $51,980

Depreciation per month = $6,440

Total variable selling and administrative expense:

= Budgeted unit sales for August × variable selling and administrative expense per unit

= 4,600 × $7.30

= $33,580

Total fixed selling and administrative expense:

= Budgeted fixed selling and administrative expense - Depreciation per month

= $51,980 - $6,440

= $45,540

Total cash disbursements for selling and administrative expenses:

= Total variable selling and administrative expense + Total fixed selling and administrative expense

= $33,580 + $45,540

= $79,120

8 0
2 years ago
Which of these is an acceptable less hazardous method of cleaning than solvents?
Olin [163]

Answer:

I guess that this depends on what you want to clean, but my choice is

  • using a dishwasher

E.g. if you are a mechanic and you need to clean auto parts (which are dirty and greasy), then a hot soap washer is very useful. A hot soap washer is basically a dishwasher that works with hot pressurized water. Generally, detergent is much less hazardous than solvents. This method applies to all the objects that can be moved into the sink in order to be washed.

If you want to clean things at home, the same applies. The least hazardous cleaning method is using hot water and detergent.

A pressurized water hose may be a solution to certain issues, e.g. clean bird poop on top of a car or a sidewalk. If you can mechanically clean something (use a broom or vacuum cleaner), then there is no reason why you would need a solvent. Using disposable wipes only increases the amount of waste that you generate.

3 0
2 years ago
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