On January 1, 2021, Devin sold his interest in XYZ LP. At the time of sale in 2021, Devin had $10,000 in suspended passive activity losses from XYZ LP (due to the fact that XYZ LP had additional passive losses in 2020 that Devin was unable to deduct). In 2021, Devin had salary income of $50,000 and portfolio income of $4,000. ABC LP did not generate a gain or loss in 2020. What amount of passive activity losses can Devin deduct in 2021

Assume a firm's production process requires an average of 80 days to go from raw materials to finished products and another 40 days before the finished goods are sold. if the accounts receivable cycle is 70 days and the accounts payable cycle is 80 days, what would the operating cycle be?

Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration