Examlex
Ling owns 3 passive investments.During the last two years,she has the following income and loss from each activity:
At the end of 2013 what is the amount of suspended loss allocated to Activity 2?
Rebate
A partial refund given to someone who has paid too much for tax, rent, or a utility.
Mailbox Rule
The mailbox rule is a legal principle that an offer is considered accepted once the acceptance is properly placed in the mail, even if it is lost or delayed.
Effective Upon Dispatch
Effective upon dispatch refers to the principle that certain actions, such as the sending of a notification or document, are considered effective from the moment they are sent, not when they are received.
Reasonable Expectation
refers to what an average person might foresee or predict as a likely outcome under certain circumstances, often used as a standard in legal and ethical considerations.
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