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1. Diaz is a passive investor in three activities which have been profitable in previous years. The profit and losses for the current year are
1. Diaz is a passive investor in three activities which have been profitable in previous years. The profit and losses for the current year are as follows: Activity A Activity B Activity C Gain Loss) S(30,000) (50,000) 20,000 S(60,000) What amount of the suspended loss should Diaz allocate to Activity A? a. $18,000 c. $22,500 d. $30,000
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