Randall Invested $200,000 in Activity a and $100,000 in Activity

question 32

Multiple Choice

Randall invested $200,000 in Activity A and $100,000 in Activity B (both passive) in 2003.At the beginning of 2017,Randall's at-risk amount was $20,000 in A and $15,000 in B.Activity A had a loss of $25,000 and Activity B had income of $30,000.What is the amount of income or loss recognized in 2017 from these activities?

• A)$0.
• B)$5,000 income.
• C)$10,000 income.
• D)$25,000 loss.

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Definitions:

Sleepwalking

A disorder occurring during deep sleep, leading to walking or performing other complex behaviors while still mostly asleep.

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Refers to something that is likely to cause harm or injury.

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The phenomenon of increased REM sleep, observed after periods of REM sleep deprivation.

Sleeping Pill

A medication taken to aid in falling asleep or staying asleep.