QUIZLET Kim raises and sells horses as a hobby. She also has income from riding lessons that are part of the hobby activity. Income from horse sales $10,000 Income from riding lessons $5,000 Feeding expense $8,000 Boarding expenses $6,000 Veterinary expenses $2,000 What is the tax impact of this activity? Question 36 options: Include no income; deduct no expenses. Include all income; deduct all expenses. Include all income; deduct expenses up to income Include all income; deduct no expenses

Your mother's well-diversified portfolio has an expected return of 12.0% and a beta of 1.20. she is in the process of buying 100 shares of safety corp. at $10 a share and adding it to her portfolio. safety has an expected return of 15.0% and a beta of 2.00. the total value of your current portfolio is $9,000. what will the expected return and beta on the portfolio be after the purchase of the safety stock?

Select all that apply. select the ways that labor unions can increase wages. collective bargaining reducing the labor supply increasing the demand for labor creating monopolies

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?