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NEW QUESTION: 1
Doris and Lydia are equal partners in the capital and profits of Agee & Nolan, but are otherwise unrelated. The following information pertains to 300 shares of Mast Corp. stock sold by Lydia to Agee
& Nolan:

The amount of long-term capital loss that Lydia realized in 1988 on the sale of this stock was:
A. $5,000
B. $3,000
C. $2,500
D. $0
Answer: A
Explanation:
Explanation
Choice "a" is correct. $5,000 long term capital loss "realized" in 1988 by Lydi
A. Be careful, and always
check the question being asked. In this case, the question is how much of a capital loss Lydia realized in 1988.

Choice "b" is incorrect. $3,000 represents the portion of the $5,000 realized loss that would currently be recognized unless there were additional capital transactions resulting in gains. Remember that the deduction for capital losses for an individual is limited to $3,000 each year.
Choice "c" is incorrect. $2,500 represents the pre-1986 portion of the $5,000 realized loss that would have given rise to a recognized loss. Pre-1986 law required $2 of net long term loss to give the benefit of $1 of tax deduction. Current law gives a dollar-for-dollar deduction limited to $3,000 in any year.
Choice "d" is incorrect. $0 would have been the amount of loss recognized if Lydia owned more than a 50% interest in the partnership. Losses realized on transactions between a partnership and a partner owning more than a 50% interest are not deductible as the parties would be considered related and any realized loss would be disallowed.

NEW QUESTION: 2
The term "secondary market" refers to:
A. issues that banks are not permitted to underwrite
B. trading in outstanding issues
C. private placements
D. trading in issues of low quality
Answer: B
Explanation:
trading in outstanding issues. Secondary market transactions involve trading in securities
after the original issue is made. When an issuer offers new securities to the public it is a "primary offering".

NEW QUESTION: 3
Ein Projektmanager tritt einem globalen Projekt bei, das von virtuellen Teams in verschiedenen Zeitzonen unterstützt wird. Wie soll der Projektmanager in dieser Situation Informationen austauschen?
A. Einsatz von Projektkommunikation und technischen Tools zur Anpassung an die virtuellen Teams,
B. Kommunizieren Sie den virtuellen Teammitgliedern den Projektstrukturplan (PSP).
C. Überprüfen Sie die Verantwortlichkeitszuweisungsmatrix (RAM), um die Rollen der virtuellen Teams zu verstehen.
D. Verwenden Sie die Resource Breakdown Structure (RBS), um die virtuellen Teams einzurichten.
Answer: A

NEW QUESTION: 4
The production plan is being disrupted by last minute demands that are entered in the system. Which is
the most efficient way to handle last minute demands and protect the current production plan?
There are 2 correct answers to this question.
Response:
A. Manually firm all planned orders for materials within the replenishment lead time of the material
B. In the material master record, set MRP type to P1 and a planning time fence on the replenishment
lead time of the material
C. In the stock requirements list, set a manual firming fence for a date based on the replenishment lead
time of the material
D. In the material master record, set MRP type to P4 and a planning time fence on the replenishment
lead time of the material
Answer: A,C

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