Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 05, 2024

On July 1st, 2019 , Bryan, and Brian incorporates a partnership called B&B Financial Management, LLC to undertake business as a broker in the stock

On July 1st, 2019, Bryan, and Brian incorporates a partnership called B&B Financial Management, LLC to undertake business as a broker in the stock market. The organizational expenses, lawyers fees etc comes to $150,000. How much can B&B deduct on if first year return ending 12/31/2019?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

1. The murder or death of innocent loved ones in the 1st act is an archetypal theme for the hero. It provides the vital motivation of vengeance, and it also cuts the heros emotional ties with his...

Answered: 1 week ago

Question

★★★★★

The adjusted trial balance for Anara Co. as of December 31, 2013, follows. P. Anara invested $40,000 cash in the business during year 2013 (the December 31, 2012, credit balance of the P. Anara,...

Answered: 1 week ago

Question

★★★★★

Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April...

Answered: 1 week ago

Question

★★★★★

e. What happens to this slope when the authors include in the above model SAT scores, high school grades an a proxy for the missing variable? What is the proxy they use? Explain the change in the...

Answered: 1 week ago

Question

★★★★★

Bill Gate Company incurred costs for materials and conversion in the amount of P 45,000 and P 4,860 respectively. As of the same date, the work in process inventory in units of P 6,000 is 40%...

Answered: 1 week ago

Question

★★★★★

Budget cash receipts for the months of January, February, and March. Budgeted sales, all on account: November $ 65,000 December January February March 60,000 82,000 70,000 90,000 Collection of...

Answered: 1 week ago

Question

★★★★★

Given the following encoding rule for each letter: n 010 110 k 101 Suppose Alice want to encrypt and send "ok" (110 101)_to Bob using a one-time pad 101 111, so Bob will get the ciphertext as 011...

Answered: 1 week ago

Question

★★★★★

1.The standard price per unit is; Material 6 kg @Rp750; Labor 10 Hours @Rp480; BOP on the basis of 70% of Working Hours with a rate per working hour @Rp250 for variable BOP and fixed BOP budgeted is...

Answered: 1 week ago

Question

★★★★★

Developer Company is constructing a 2-Tower residential condominium. Tower 1 sells 20 units while tower 2 sells 30 units. Both towers will share in the common amenities and occupy the same land area....

Answered: 1 week ago

Previous Question Next Question