subject
Business, 03.12.2019 05:31 jpichardo2021

When bruno's basis in his llc interest is $150,000, he receives cash of $55,000, a proportionate share of inventory, and land in a distribution that liquidates both the llc and his entire llc interest. the inventory has a basis to the llc of $45,000 and a fair market value of $48,000. the land's basis is $70,000, and the fair market value is $60,000. how much gain or loss does bruno recognize, and what is his basis in the inventory and land received in the distribution?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:50
Cool beans is a locally owned coffee shop that competes with two large coffee chains, planeteuro and frothies. alicia, the owner, hired two students to count the number of customers that entered each of the coffee shops to estimate what percent of people who are interested in coffee are visiting each shop. after a week, the students found the following results: 589 visited cool beans, 839 visited planeteuro, and 1,290 visited frothies. the students were surprised that cool beans had 139 visits on monday which represented 59% of all people who visited one of the three coffee shops on mondays. how many people visited one of the three coffee shops during the week?
Answers: 2
question
Business, 22.06.2019 01:00
The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?
Answers: 1
question
Business, 22.06.2019 12:30
M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.
Answers: 1
question
Business, 22.06.2019 13:30
You operate a small advertising agency. you employ two secretaries, a graphic designer, three sales representatives, and an office coordinator. 1. what types of things would you consider when determining how to compensate each position? describe two (2) considerations. 2. what type of compensation plan would you use for each position?
Answers: 1
You know the right answer?
When bruno's basis in his llc interest is $150,000, he receives cash of $55,000, a proportionate sha...
Questions
question
Mathematics, 27.01.2021 19:50
question
World Languages, 27.01.2021 19:50
question
Advanced Placement (AP), 27.01.2021 19:50
Questions on the website: 13722363