At the end of last year, Cynthia, a 20 percent partner in the five-person CYG partnership, has an outside basis of $36,000, including her $24,000 share of CYG debt. On January 1 of the current year, Cynthia sells her partnership interest to Roger for a cash payment of $25,500 and the assumption of her share of CYG's debt. CYG has no hot assets. What is the amount and character of Cynthia's recognized gain or loss on the sale
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Business, 22.06.2019 22:30
Aresearcher developing scanners to search for hidden weapons at airports has concluded that a new scanner isis significantly better than the current scanner. he made his decision based on a test using alpha equals 0.025 .Ξ±=0.025. would he have made the same decision at alpha equals 0.10 question mark Ξ±=0.10? how about alpha equals 0.01 question mark Ξ±=0.01? explain
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Which external factor has enabled addition of special effects in advertisements and tracking of responses of customers over websites?
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Baskin promotions, inc. sells t-shirts decorated for a variety of concert performers. the company has developed the following budget for the coming year based on a sales forecast of 80,000 t-shirts: sales $ 1,400,000 cost of goods sold 820,000 gross profit 580,000 operating expenses ($100,000 is fixed) 418,400 operating income 161,600 income taxes (30% of operating income) 48,480 net income $ 113,120 cost of goods sold and variable operating expenses vary directly with sales, and the income tax rate is 30% at all levels of operating income. if the concert season is slow due to poor weather, baskin estimates that sales could fall to as low as 60,000 t-shirts. assume baskin actually achieves the 60,000 unit sales level, and that net income actually earned at this level was $70,000. a performance report would indicate that net income was:
Answers: 2
At the end of last year, Cynthia, a 20 percent partner in the five-person CYG partnership, has an ou...
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