Ricardo Owns Interests in 3 Passive Activities: A, B, and C

question 74

Multiple Choice

Ricardo owns interests in 3 passive activities: A, B, and C. During the current year, activity A realizes income of $8,000 while activities B and C realize losses of $16,000 and $24,000, respectively. Determine the amount of suspended loss attributable to activity C.

• A)$- 0 -
• B)$ 8,000
• C)$12,800
• D)$19,200
• E)$24,000

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Definitions:

Interpersonal Contacts

Relationships or interactions between individuals, involving communication and exchange of ideas, emotions, or information.

Adaptive Organizations

Companies or entities that are able to adjust and evolve in response to changes in their environment or industry.

Narrow Spans of Control

An organizational structure where a manager has a limited number of direct reports, allowing closer supervision and interaction.

Initiative

The ability to assess and initiate actions independently, often leading to innovation or problem-solving.