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Randall Invested $200,000 in Activity a and $100,000 in Activity

Question 32

Multiple Choice

Randall invested $200,000 in Activity A and $100,000 in Activity B (both passive) in 2003.At the beginning of 2017,Randall's at-risk amount was $20,000 in A and $15,000 in B.Activity A had a loss of $25,000 and Activity B had income of $30,000.What is the amount of income or loss recognized in 2017 from these activities?


A) $0.
B) $5,000 income.
C) $10,000 income.
D) $25,000 loss.

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