Jessica is a one-third owner in bikes-r-us, an s corporation that experienced a $52,500 loss this year (year 1). assume her stock basis is $13,000 at the beginning of the year and that at the beginning of year 1 jessica loaned bikes-r-us $3,750. in year 2, bikes-r-us reported ordinary income of $13,500. (leave no answer blank. enter zero if applicable.) required: 1. what amount is jessica allowed to deduct in year 1 and year 2? 2. what are her stock and debt bases in the corporation at the end of year 1? 3. what are her stock and debt bases in the corporation at the end of year 2?

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

Hours to produce one unit worker hours to produce yarn country a 8 hours country b 4 hours worker hours to produce fabric counrty a 12 hours country b 13 hours additional worker hours to produce fabric instead of yarn country a ? country b? which of the follow is true of the trade relationship between country a and country b? country a has an absolute advantage in producing yarn and fabric country b has an absolute advantage in producing yarn and fabric country b has a comparative advantage to country a in producing fabric country a has a comparative advantage to country b in producing fabric