In the current year, she sold her interest in Activity D for a $10,000 gain. Activity D, which had been profitable until last year, had a current loss of $1,500. Answer the following questions to determine how the sale of Activity D affects Sarah's taxable income in the current year. a. The amount of suspended losses carried forward to the year of the sale is $fill in the blank 1 20,000 . b. What amount of the suspended losses is allocated to Activity D

During a liquidation, a partner's capital account balance drops below zero. what should happen? select one: a. the deficit balance should be removed from the accounting records with only the remaining partners sharing in future gains and losses.b. the partner with a deficit should contribute enough assets to offset the deficit balance if he is solvent.c. the other partners should contribute enough assets to offset the amount of deficit if the partner with a deficit is insolvent.d. both b & c

Sean was recently hired to join the marketing team at axon international. he will be starting at the company in two weeks. sean has the reputation of being an expert in ad campaigns and catching the attention of the target audience. however, he also has the reputation of not getting along with anyone. he doesn't care much about where and for whom he works but is primarily motivated to achieve goals for himself and beat his own records. as soon as amanda heard about sean joining the team, she turned in her resignation. ashton, another team member, called sean and met him for lunch to express all the team members' concerns and to smooth things out before sean formally joins the team. ashton's reaction can be described as

The gross domestic product goes down when which of the following occurs? a. there are too many unemployed workers. b. imports increase faster than exports. c. the government spends more than it takes in. d. consumers spend more on luxury goods.