In 2017, liam invested $100,000 for a 25% interest in a partnership involved in an activity in which he is a material participant. the partnership reported losses of $340,000 in 2017 and $180,000 in 2018 with liam’s share being $85,000 in 2017 and $45,000 in 2018. how much of the losses can liam deduct?
a.$0 in 2017, $0 in 2018.
b.$85,000 in 2017, $0 in 2018.
c.$85,000 in 2017, $15,000 in 2018.
d.$85,000 in 2017, $45,000 in 2018.
e. none of the above.

Responsible for setting the goals and planning for the future as well as leading and controlling the work of others. out the decisions of top management. often responsible for various departments such as the production, marketing, and accounting departments. process or function of planning organizing leading and controlling. the resources arranged in an orderly and functional way to accomplish goals and objectives. the company on track and making sure goals are met. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. act or process of creating goals and objectives as well as the strategies to meet them. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. how the firm is structured and who is in charge of whom. direction and vision

Afood worker has just rinsed a dish after cleaning it.what should he do next?

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?