Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 14 you have the following: short term capital

14 You have the following: Short term capital losses $9,000...

70.2K

Verified Solution

Question

Accounting

14
image
image
You have the following: Short term capital losses $9,000 Long term capital losses - $8,000 Short term capital gains $6,000 Long term capital gains $7,000 What amount is reported on page 1 of the form 1040? a. $1,000 gain b. $4,000 gain c. $3,000 loss d. $3,000 gain e. $1,000 loss f. $4,000 loss You inherited a computer and copier that you do not need in your business. You donate to your church for your pledge. What type of category does this fit in? a. none of the answers are correct b. $12311245 property c. $12311250 property d. ordinary properity e. $1221 property f. $1231 - ordinary property You have the following: Short term capital losses $9,000 Long term capital losses - $8,000 Short term capital gains $6,000 Long term capital gains $7,000 What amount is reported on page 1 of the form 1040? a. $1,000 gain b. $4,000 gain c. $3,000 loss d. $3,000 gain e. $1,000 loss f. $4,000 loss You inherited a computer and copier that you do not need in your business. You donate to your church for your pledge. What type of category does this fit in? a. none of the answers are correct b. $12311245 property c. $12311250 property d. ordinary properity e. $1221 property f. $1231 - ordinary property

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students