Business, 15.04.2020 02:55 hannah2718
Barbara receives a current distribution consisting of $2,000 cash plus other property with an adjusted basis to the partnership of $2,300 and a fair market value on the date of the distribution of $7,000. Barbara has a 10 percent interest in the partnership and her basis in her partnership interest, immediately prior to the distribution, is $5,000. What is Barbara's basis in the noncash property received in the current distribution? a. $2,300 b. $2,000 c. $3,000 d. $7,000 e. None of these
Answers: 2
Business, 21.06.2019 23:00
Employees of dti, inc. worked 1,600 direct labor hours in january and 1,000 direct labor hours in february. dti expects to use 18,000 direct labor hours during the year, and expects to incur $22,500 of worker’s compensation insurance cost for the year. the cash payment for this cost will be paid in april. how much insurance premium should be allocated to products made in january and february?
Answers: 1
Business, 22.06.2019 12:00
In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:
Answers: 2
Business, 23.06.2019 01:10
Hillside issues $4,000,000 of 6%, 15-year bonds dated january 1, 2016, that pay interest semiannually on june 30 and december 31. the bonds are issued at a price of $4,895,980. required: 1. prepare the january 1, 2016, journal entry to record the bonds’ issuance
Answers: 3
Business, 23.06.2019 18:30
Jenna is saving for a sound system. while she is saving for her system, she finds the speakers for her system on sale for a good price and buys them. at the same time, mark is saving up to by a big-screen television. he sees some movies on sale and decides to buy them so that he can watch them on his new television when he buys it. which of the following statements best describes jenna's and mark's actions?
Answers: 1
Barbara receives a current distribution consisting of $2,000 cash plus other property with an adjust...
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