Bronze Corporation has $100,000 of active income, $55,000 of portfolio income, and a $55,000 passive activity loss. Indicate whether the following statements are "True" or "False" regarding whether Bronze Corporation is permitted to deduct the passive activity loss. a. The loss is not deductible if Bronze Corporation is a personal service corporation. b. The loss is deductible against portfolio income if Bronze Corporation is a closely held C corporation that is not a personal service corporation. c. No matter what type of corporation Bronze is, the passive activity loss is not deductible unless Bronze Corporation has passive activity income.

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?