subject
Business, 17.12.2019 22:31 redsakura

In the past several years, shakira had loaned money to shakira inc. (an s corporation) to the corporation keep afloat in a downturn. her stock basis in the s corporation is now $0, and she has deducted $49,500 in losses, reducing her debt basis from $110,000 to $60,500. things appear to be turning around this year, and shakira inc. repaid shakira $22,000 of the $110,000 outstanding loan. what is shakira’s income, if any, on the partial loan repayment?

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:00
After discussing the options, the strategic management team has agreed that the pod coffee idea works well with the company's mission statement and decides that the company should move forward in exploring the pod coffee idea. in order to make sure that the pod coffee idea is a good one, and to see if there are other potential future endeavors to pursue, you must analyze the market situation and formulate a strategy. your boss asks you to start working on the pod coffee idea. what is your first stepa. your first step is to formulate a strategy for how to market the pod coffee concept. b. your first step is to consult with your boss and find out what he thinks about the pod coffee idea. c. your first step is to do some research to find out what your competitors are doing. d. your first step is to analyze the organization's strengths, weaknesses, opportunities, and threats.
Answers: 2
question
Business, 21.06.2019 22:10
You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?
Answers: 1
question
Business, 22.06.2019 08:00
3. describe the purpose of the sec. (1-4 sentences. 2.0 points)
Answers: 3
question
Business, 22.06.2019 12:10
Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is:
Answers: 2
You know the right answer?
In the past several years, shakira had loaned money to shakira inc. (an s corporation) to the corpo...
Questions
question
Mathematics, 22.04.2020 09:02
Questions on the website: 13722361