Jana Reports the Following Income and Loss Activities A,B,and C Are All Passive Activities

question 25

Multiple Choice

Jana reports the following income and loss: $$\begin{array} { | l | r | } \hline \text { Salary } & \$ 120,000 \\\hline \text { Income from activity A } & 60,000 \\\hline \text { Loss from activity B } & ( 30,000 ) \\\hline \text { Loss from activity C } & ( 70,000 ) \\\hline\end{array}$$ Activities A,B,and C are all passive activities.
Based on this information,Jana has the following suspended losses

• A) \[\begin{array} { | l | l | }
• \hline \text { Activity B } & \text { Activity C } \\
• \hline 30,000 & \$ 70,000\\\hline
• \end{array}\]
• B) \[\begin{array} { | l | l | }
• \hline \text { Activity B } & \text { Activity C } \\
• \hline \$ 0 & \$ 0 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | l | }
• \hline \text { Activity B } & \text { Activity C } \\
• \hline \$ 18,000 & \$ 42,000\\\hline
• \end{array}\]
• D) \[\begin{array} { | l | l | }
• \hline \text { Activity B } & \text { Activity C } \\
• \hline 12,000 & \$ 28,000\\\hline
• \end{array}\]

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Definitions:

Diffusion

The process by which an innovation is communicated through certain channels over time among the members of a social system.

Cultural Change

The modification of a society's cultural patterns, including norms, values, behaviors, and expressions.

Innovation

the introduction of new ideas, products, services, or processes that improve upon the existing state of art or knowledge.

Haptics

The study and use of touch communication, including how people perceive and convey messages through physical contact.