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NEW QUESTION: 1
Conner purchased 300 shares of Zinco stock for $30,000 in 1980. On May 23, 1994, Conner sold all the
stock to his daughter Alice for $20,000, its then fair market value. Conner realized no other gain or loss
during 1994. On July 26, 1994, Alice sold the 300 shares of Zinco for $25,000.
What amount of the loss from the sale of Zinco stock can Conner deduct in 1994?
Choice "a" is correct. Even though Conner has a realized loss of $10,000 on this transaction he cannot
deduct the loss since it was incurred in a transaction with his daughter, a related party.
Choice "b" is incorrect. $3,000 is the limit on deductible net capital losses. However, Conner cannot
deduct this loss, since it was incurred in a transaction with his daughter, a related party.
Choice "c" is incorrect. Conner's realized loss on the sale is $10,000 ($20,000 proceeds less $30,000
basis). However, Conner cannot deduct this loss, since it was incurred in a transaction with his daughter,
a related party.
Choice "d" is incorrect. $10,000 is Conner's realized loss on the sale. However, Conner cannot deduct
this loss, since it was incurred in a transaction with his daughter, a related party.
NEW QUESTION: 2
A. Option B
B. Option C
C. Option D
D. Option A
Media access control (MAC) address authorization functions in the same way as automatic number identification (ANI) authorization, but it is used for wireless clients and clients connecting to your network by using an 802.1X authenticating switch. Since the network adapter was replaced, you need to modify the MAC address on Server1 to ensure that Server2 can obtain the same IP address.
NEW QUESTION: 3
You are proposing an HP Helion OpenStack and HP Helion Development Platform-based solution to a customer. The company needs support for 100 servers running 1000 VMs. It needs to be able to scale to 200 servers running 2000 VMs in the future.
Which value of these HP solutions should you emphasize?
A. HP Helion OpenStack is open source-based, so the company can draw on the support of the community when it needs to expand.
B. HP Helion Development Platform has built-in capabilities for scaling capacity to a public cloud.
C. These HP solutions are highly scalable and have been tested to exceed this customer's requirements.
D. These HP solutions are optimized to meet the data storage needs of 1000s of VMs.
HP Helion Development Platform is an application platform (or Platform as a Service) that enables developers to rapidly develop, deploy and scale cloud applications across a mix of public and private clouds.
NEW QUESTION: 4
You are registering an acquired fixed asset.
You need to post the acquisition cost to the fixed asset (FA) ledger entries and the G/L entries.
What steps should you take?
A. Register the acquisition cost in an FA journal line and post the journal.
B. Register the acquisition cost in a G/L journal line and post the journal.
C. Register the acquisition cost in a purchase invoice line and post the purchase invoice.
D. Register the acquisition cost in a FA reclassification journal line and post the journal.