Entries by Grace Wahito

I need these answered within 2 hours (timed test). Thank you

March 30, 2020 in /by

I need these answered within 2 hours (timed test). Thank you. style=”color:rgb(0,0,0);”>1.Betty Brewster received the following interest payments. Luggage gift for purchasing a 4-year certificate of deposit (fair-market value): $50  Interest on passbook savings account: $15  Interest on certificate of deposit: $200  Dividends on share account savings in credit union: $150  Interest on State of […]

 

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I need this answered within 2 hours (timed test).

March 30, 2020 in /by

I need this answered within 2 hours (timed test). Thank you.Dave Dobesis a sole proprietor running an advertising agency with two employees, Cindy and Carol. Dave decides to relocate his business from New Wilmington to Ellwood City, and Cindy and Carol agree to relocate as well. All three decide to move their families to Ellwood […]

 

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I have two accounting questions I need guidelined within 2 hours(timed test).

March 30, 2020 in /by

I have two accounting questions I need guidelined within 2 hours(timed test). Thank you.  ATTACHMENT PREVIEW Download attachment1. Riley owned an interest in several limited partnerships in 2016. Gains and losses passedthrough to Riley are as follows.PartnershipDate AcquiredAllocated Gain (Loss)STEW 1013/26/84$30,000STEW 1025/19/86(30,000)STEW 10311/13/88(5,000)STEW 1041/08/89(6,000)STEW 1057/11/9023,000(a) What is Riley’s net passive loss for 2016?(b) How much of […]

 

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I have two short accounting questions.

March 30, 2020 in /by

I have two short accounting questions. Please finish within 2 hours (timed test).  ATTACHMENT PREVIEW Download attachment1. A review of Bradley’s Year 2 records disclosed the following tax information.Wages$18,000Taxable interest and qualifying dividends4,000Schedule C trucking business net income32,000Rental (loss) from residential property(35,000)Limited partnership (loss)(5,000)Bradley actively participated in the rental property and was a limited partner in […]

 

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