Zinc, lp was formed on august 1, 20x9. when the partnership was formed, al contributed $10,000 in cash and inventory with a fmv and tax basis of $40,000. in addition, bill contributed equipment with a fmv of $30,000 and adjusted basis of $25,000 along with accounts receivable with a fmv and tax basis of $20,000. also, chad contributed land with a fmv of $50,000 and tax basis of $35,000. finally, dave contributed a machine, secured by $35,000 of debt, with a fmv of $15,000 and a tax basis of $10,000. what is the total inside basis of all the assets contributed to zinc, lp?
Answers: 3
Business, 21.06.2019 18:00
Abc company currently pays a dividend of $2.15 per share, d0=2.15. it is estimated that the company’s dividend will grow at a rate of 30 percent per year for the next 3 years, then the dividend will grow at a constant rate of 7 percent thereafter. the market rate of return is 9 percent. what would you estimate is the stock’s current price?
Answers: 3
Business, 21.06.2019 22:50
The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.
Answers: 1
Business, 22.06.2019 00:30
Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years
Answers: 1
Business, 22.06.2019 11:30
Chuck, a single taxpayer, earns $80,750 in taxable income and $30,750 in interest from an investment in city of heflin bonds. (use the u.s. tax rate schedule.) (do not round intermediate calculations. round your answers to 2 decimal places.)
Answers: 2
Zinc, lp was formed on august 1, 20x9. when the partnership was formed, al contributed $10,000 in ca...
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