Business, 05.07.2020 14:01 mathhelppls14

Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $49,000 to J. D. His basis in his Clampett, Inc., stock on January 1, 2020, was $48,000. For 2020, J. D. was allocated $12,000 of ordinary income from Clampett, Inc., and no separately stated items. What is J. D.'s basis in his Clampett, Inc., stock after all transactions in 2020

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 16:50

Carver company produces a product which sells for $30. variable manufacturing costs are $15 per unit. fixed manufacturing costs are $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit. a selling commission of 10% of the selling price is paid on each unit sold. the contribution margin per unit is:

Answers: 2

Answer

Business, 22.06.2019 11:40

Select the correct answer brian wants to add a chart to his dtp project. what is the best way he can do this? a draw the chart using the dtp program draw option b create the chart in a spreadsheet then import it c. use the dtp chart wizard to create the chart within the dtp d. create an image of the chart in an image editor then import the image e use html code to create a chart within the dtp program

Answers: 3

Answer

Business, 22.06.2019 16:00

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.

Answers: 1

Answer

Business, 22.06.2019 20:20

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.

Answers: 2

Answer

You know the right answer?

Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., dis...

Questions