In computing the ordinary income of a partnership, a deduction is allowed for
A) net Sec. 1231 losses.
B) bad debts.
C) foreign income taxes paid.
D) charitable contributions.
B) bad debts.
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A patient's interminable wait for the first available physician is modeled in SimQuick using a(n):
A) entrance block. B) buffer block. C) workstation block. D) decision point.
"By hedging a defined benefit pension plan'sinterest-rate risk, a sponsor can eliminate pensionrisk." Comment on this statement
What will be an ideal response?
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $400,000 and current break-even units are 4,000. If Forrester purchases this new equipment, the revised contribution margin ratio would be:
A. 10%. B. 60%. C. 70%. D. 40%. E. 30%.
Derek and Abyan were discussing business over lunch when they agreed on the sale of a five-acre parcel of land. Since neither of them had any paper with them, Derek wrote the following on a napkin: "Abyan agrees to purchase from Derek a 5-acre parcel located at the local address of 123 105th Street, St. Joseph, Minnesota, U.S.A. for the price of $4,500 per acre. Transfer of title, payment, and possession to take place on May 1, 2011." Abyan signed the napkin. On May 1, 2011, Derek was ready to close the deal and transfer title but Abyan refused to pay the purchase price. If Derek sues Abyan for the price of the land, the most likely result will be:
a. Abyan will win because Derek did not sign the writing. b. Abyan will win because the writing is not sufficient under the statute of frauds. c. Derek will win because the statute of frauds does not apply to this situation. d. Derek will win because the writing is sufficient under the statute of frauds.