subject
Business, 21.05.2020 19:58 naomicervero

Beth and Bob are married entrepreneurs. Beth has a start-up sole proprietorship in which she works long hours. This year the business generated $500,000 of revenues and $800,000 of deductible business expenses. Bob is a partner in a new partnership, also working long hours. His share of the partnership loss for the year is $275,000. Fortunately, they both have trust funds so they are receiving $700,000 of taxable interest income and dividends. Due to this year's results, Beth and Bob will have an NOL carryover of:

A. $75,000.B. $325,000.C. $575,000.D. $0.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:20
After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.
Answers: 1
question
Business, 21.06.2019 21:00
Do you think a travel organization company might be able to get less expensive airline tickets then you as an individual could get? (no less then 25 words)
Answers: 1
question
Business, 22.06.2019 02:00
True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false
Answers: 2
question
Business, 22.06.2019 10:00
Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?
Answers: 3
You know the right answer?
Beth and Bob are married entrepreneurs. Beth has a start-up sole proprietorship in which she works l...
Questions
question
Mathematics, 25.09.2021 21:30
question
Mathematics, 25.09.2021 21:30
question
Mathematics, 25.09.2021 21:30
question
Mathematics, 25.09.2021 21:30
question
Mathematics, 25.09.2021 21:30
question
Mathematics, 25.09.2021 21:40
Questions on the website: 13722363