Active, portfolio, or passive? a) The rental of office equipment with no provision of unusual services....
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Active, portfolio, or passive? a) The rental of office equipment with no provision of unusual services. b) Gain on sale of property held for investment. c) A limited partner's share of income from a limited partnership. d) Fees earned for managing a passive activity. e) Interest on bank accounts. f) Income or loss earned by an individual from trading in stocks and bonds for investment purposes g) Annuity income from an insurance contract. Active, portfolio, or passive? a) The rental of office equipment with no provision of unusual services. b) Gain on sale of property held for investment. c) A limited partner's share of income from a limited partnership. d) Fees earned for managing a passive activity. e) Interest on bank accounts. f) Income or loss earned by an individual from trading in stocks and bonds for investment purposes g) Annuity income from an insurance contract.
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ANSWER E Intrest in bank accounts Interest on a savings account is the amount of money a bank or fin... View the full answer
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
Posted Date:
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