Two partners each own an equal interest in a general partnership. One partner contributes to the partnership a building that has an adjusted basis of $40,000 and a fair market value of $60,000. The asset is subject to a mortgage of $30,000, which is assumed by the partnership. What is the contributing partner's share of liabilities in the partnership

Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?

In terms of precent, beer has more alcohol than whiskey true or false

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.