それに、我々は一年間の無料更新サービスを提供します。失敗しましたら、当社は全額で返金して、あなたの利益を保障します。NewValidDumpsが提供した資料は実用性が高くて、絶対あなたに向いています。 我々の誠意を信じてください。あなたが順調に試験に合格するように。 それに、問題集の合格率が１００パーセントに達するのですから、あなたは安心に試験を受けることができます。
弊社のREG - CPA Regulation基礎訓練問題集はあなたにこのチャンスを全面的に与えられます。 最新のREG 合格資料試験問題を知りたい場合、試験に合格したとしてもNewValidDumpsは無料で問題集を更新してあげます。NewValidDumpsのREG 合格資料教材を購入したら、あなたは一年間の無料アップデートサービスを取得しました。
現在IT技術会社に通勤しているあなたは、AICPAのREG基礎訓練試験認定を取得しましたか？REG基礎訓練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基礎訓練試験に一発合格したいなら、我々社のAICPAのREG基礎訓練資料を参考しましょう。また、REG基礎訓練問題集に疑問があると、メールで問い合わせてください。
我々NewValidDumpsが自分のソフトに自信を持つのは我々のAICPAのREG基礎訓練ソフトでAICPAのREG基礎訓練試験に参加する皆様は良い成績を取りましたから。AICPAのREG基礎訓練試験に合格して彼らのよりよい仕事を探せるチャンスは多くなります。あなたに安心させるために、我々のソフトを利用してあなたが試験に失敗したら、我々は全額で返金するのを承諾してよりよいAICPAのREG基礎訓練ソフトを開発し続けます。
君が後悔しないようにもっと少ないお金を使って大きな良い成果を取得するためにNewValidDumpsを選択してください。NewValidDumpsはまた一年間に無料なサービスを更新いたします。
QUESTION NO: 1
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: 2
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: 3
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: 4
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.
QUESTION NO: 5
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.
NewValidDumpsの提供するAICPAのHP HPE0-V25J試験の資料とソフトは経験が豊富なITエリートに開発されて、何回も更新されています。 NewValidDumps のAICPAのLinux Foundation HFCP問題集はシラバスに従って、それにLinux Foundation HFCP認定試験の実際に従って、あなたがもっとも短い時間で最高かつ最新の情報をもらえるように、弊社はトレーニング資料を常にアップグレードしています。 AICPAのSalesforce Marketing-Cloud-Account-Engagement-Specialist-JPN資格認定証明書を取得したいなら、我々の問題集を入手してください。 NewValidDumps AICPAのSAP C_SIGPM_2403試験トレーニング資料というのは一体なんでしょうか。 AICPA ASQ CMQ-OE問題集は試験の範囲を広くカバーして、試験の通過率は高いです。
Updated: May 26, 2022