Jeff able is a partner in the willing and able partnership. on june 1, 2019, jeff transfers property to the partnership that has a fair market value of $60,000 and an adjusted basis to jeff of $10,000. three weeks later, the willing and able partnership transfers $40,000 cash to jeff. willing and able would not have transferred the cash to jeff if he hadn’t first transferred the property. what are the tax consequences of the transactions to jeff

Sara bought 12 3/4 cakes sara's friends ate 3/8 how much cake is left

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.