Meg and abby are equal partners in the am partnership, which earns $40,000 ordinary income, $6,000 long-term capital gain (ltcg), and $2,000 sec. 1231 loss during the current year. what is the amount and character of income that must be reported on abby's tax return for this year's partnership operations? a. $20,000 ordinary income, $3,000 ltcg, $1,000 sec. 1231 loss. b. $19,000 ordinary income, $2,000 ltcg. c. $20,000 ordinary income, $4,000 ltcg. d. $19,000 ordinary income, $1,000 sec. 1231 loss.

Take it all away has a cost of equity of 10.63 percent, a pretax cost of debt of 5.33 percent, and a tax rate of 35 percent. the company's capital structure consists of 71 percent debt on a book value basis, but debt is 31 percent of the company's value on a market value basis. what is the company's wacc?

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300