NewValidDumpsが提供して差し上げたのは高品質のAICPAのREGテスト難易度「CPA Regulation」模擬問題集で、あなたがステップバイステップで試験に準備する手順を指導しています。NewValidDumpsのAICPAのREGテスト難易度試験問題集は絶対あなたに成功をもたらすことを保証します。NewValidDumpsのAICPAのREGテスト難易度認定試験に準備するために色々な方法がありますが、 一目でわかる最新の出題傾向でわかりやすい解説と充実の補充問題があります。NewValidDumpsの専門家チームが君の需要を満たすために自分の経験と知識を利用してAICPAのREGテスト難易度認定試験対策模擬テスト問題集が研究しました。 NewValidDumpsのAICPAのREGテスト難易度トレーニング資料を持っていたら、自信を持つようになります。
NewValidDumpsは君が最も早い時間でAICPAのREG - CPA Regulationテスト難易度試験に合格するのを助けます。 もし不合格になったら、私たちは全額返金することを保証します。一回だけでAICPAのREG 専門トレーリング試験に合格したい？NewValidDumpsは君の欲求を満たすために存在するのです。
NewValidDumpsでは、私たちは君のすべての夢を叶えさせて、君の最も早い時間でAICPAのREGテスト難易度認定試験に合格するということを保証します。NewValidDumpsのAICPAのREGテスト難易度試験トレーニング資料は豊富な経験を持っているIT専門家が研究したもので、問題と解答が緊密に結んでいるものです。NewValidDumpsを選ぶなら、絶対に後悔させません。
現在IT技術会社に通勤しているあなたは、AICPAのREGテスト難易度試験認定を取得しましたか？REGテスト難易度試験認定は給料の増加とジョブのプロモーションに役立ちます。短時間でREGテスト難易度試験に一発合格したいなら、我々社のAICPAのREGテスト難易度資料を参考しましょう。また、REGテスト難易度問題集に疑問があると、メールで問い合わせてください。
弊社はお客様の皆様の利益を保証するために、あなたに高いクオリティのサービスを提供できて努力しています。今まで、弊社のNewValidDumpsのREGテスト難易度問題集はそのスローガンに沿って協力します。
QUESTION NO: 1
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable
income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own and was Tom's dependent.
Determine the amount of income or loss, if any that should be included on page one of the Moores'
1994 Form 1040.
The Moores received a $500 security deposit on their rental property in 1994. They are required to return the amount to the tenant.
A. $0
B. $500
C. $900
D. $1,000
E. $1,250
F. $1,300
G. $1,500
H. $2,000
I. $2,500
J. $3,000
K. $10,000
L. $25,000
M. $50,000
N. $55,000
O. $75,000
Answer: A
Explanation
"A" is correct. $0. The security deposit is not taxable income because the Moores are required to return it
when the tenant leaves. If the deposit is applied to damages in a later tax year, the portion the
Moores
retain would be income to them in the year they retain the deposit, and the money they spend to repair the
damage would be a deduction to them.
QUESTION NO: 2
Don Wolf became a general partner in Gata Associates on January 1, 1989, with a 5% interest in
Gata's
profits, losses, and capital. Gata is a distributor of auto parts. Wolf does not materially participate in the
partnership business. For the year ended December 31, 1989, Gata had an operating loss of
$100,000.
In addition, Gata earned interest of $20,000 on a temporary investment. Gata has kept the principal temporarily invested while awaiting delivery of equipment that is presently on order. The principal will be
used to pay for this equipment. Wolf's passive loss for 1989 is:
A. $0
B. $4,000
C. $5,000
D. $6,000
Answer: C
Explanation
Choice "c" is correct. Wolf's passive loss for 1989 is $5,000 ( $100,000 operating loss * 5% interest in partnership).
Choice "a" is incorrect. Wolf did not materially participate in the partnership, so the loss was passive.
Choice "b" is incorrect. Wolf's passive loss of $5,000 could not be reduced by his distributive share of the
partnership's "interest income" totaling $1,000. Interest income is considered "portfolio income," and
neither the partnership nor a partner can offset it against passive losses.
Choice "d" is incorrect. No items of income or deduction from portfolio income or activities in which the
taxpayer materially participates may be combined or offset with passive losses unless the activity generating the loss is completely disposed of in a taxable transaction.
QUESTION NO: 3
For a cash basis taxpayer, gain or loss on a year-end sale of listed stock arises on the:
A. Trade date.
B. Settlement date.
C. Date of receipt of cash proceeds.
D. Date of delivery of stock certificate.
Answer: A
Explanation
Choice "a" is correct. Trade date.
Gain or loss on a year-end sale of listed stock arises on the trade date.
Rule: Whether on the cash or accrual method of accounting taxpayers who sell stock or securities on an
established securities market must recognize gains and losses on the trade date, rather than on the settlement date.
Choices "b", "c", and "d" are incorrect, per the above rule.
QUESTION NO: 4
Clark bought Series EE U.S. Savings Bonds after 1989. Redemption proceeds will be used for payment of
college tuition for Clark's dependent child. One of the conditions that must be met for tax exemption of
accumulated interest on these bonds is that the:
A. Purchaser of the bonds must be the sole owner of the bonds (or joint owner with his or her spouse).
B. Bonds must be bought by a parent (or both parents) and put in the name of the dependent child.
C. Bonds must be bought by the owner of the bonds before the owner reaches the age of 24.
D. Bonds must be transferred to the college for redemption by the college rather than by the owner of the
bonds.
Answer: A
Explanation
Choice "a" is correct. One of the conditions that must be met for tax exemption of accumulated interest on
the bonds is that the purchaser of the bonds must be the sole owner of the bonds (or joint owner with his
or her spouse).
Choice "b" is incorrect. The bonds must be bought and put in the name of the owner or co-owner, not in
the name of the dependent child.
Choice "c" is incorrect. The owner must be at least 24 years old before the bonds issue date.
Choice "d" is incorrect. There is no requirement that the bonds must be transferred to the college for redemption by the college rather than by the owner of the bonds.
QUESTION NO: 5
Farr made a gift of stock to her child, Pat. At the date of gift, Farr's stock basis was $10,000 and the
stock's fair market value was $15,000. No gift taxes were paid. What is Pat's basis in the stock for computing gain?
A. $0
B. $5,000
C. $10,000
D. $15,000
Answer: C
Explanation
Choice "c" is correct. Property acquired as a gift generally retains the rollover cost basis as it had in the
hands of the donor at the time of the gift. Basis is increased by any gift tax paid that is attributable to the
net appreciation in the value of the gift. Since there were no gift taxes paid, Pat's basis for computing a
gain is the rollover cost (basis), $10,000.
Choices "a", "b", and "d" are incorrect, per the explanation above.
人によって目標が違いますが、あなたにAICPA SAP C_SAC_2402試験に順調に合格できるのは我々の共同の目標です。 それで、AICPAのTableau Desktop-Certified-Associate-JPNに参加する予定がある人々は速く行動しましょう。 あなたに高品質で、全面的なAmazon ANS-C01-JPN参考資料を提供することは私たちの責任です。 弊社のチームは開発される問題集はとても全面で、受験生をAICPA SAP C_ABAPD_2309試験に合格するのを良く助けます。 Huawei H12-711_V4.0 - 弊社の商品が好きなのは弊社のたのしいです。
Updated: May 26, 2022