Brooke and John formed a partnership. Brooke received a 40% interest in partnership capital and profits in exchange for contributing land (basis of $45,000 and fair market value of $180,000). John received a 60% interest in partnership capital and profits in exchange for contributing $270,000 of cash. Three years after the contribution date, the land contributed by Brooke is sold by the partnership to a third party for $225,000. How much taxable gain will Brooke recognize from the sale

What is used by accountant to analyze transactions ?

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.

Braden’s ice cream shop is losing business. he knows that customers are no longer choosing his product because a competing product has become less expensive, yet he has refused to lower his prices. what has happened to braden’s business?