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

Question 13

Multiple Choice

Randall invested $200,000 in Activity A and $100,000 in Activity B both passive) in 2002.At the beginning of 2016,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 2016 from these activities?


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

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