Laurel contributed equipment worth $200,000, purchased 10 months ago for $250,000 cash and used in her sole proprietorship, to sand creek llc in exchange for a 15 percent profits and capital interest in the llc. laurel agreed to guarantee all $15,000 of sand creek’s accounts payable, but she did not guarantee any portion of the $100,000 nonrecourse mortgage securing sand creek’s office building. other than the accounts payable and mortgage, sand creek does not owe any debts to other creditors. a. what is laurel’s initial tax basis in her llc interest?
b. laurel’s holding period in the partnership interest begins the day the llc interest is acquired. true or false? c. what is sand creek’s initial basis in the contributed property?
d. what is sand creek’s holding period in the contributed property?
Answers: 3
Business, 21.06.2019 22:40
Which economic indicators are used to measure the global economy? check all that apply. a. purchasing power parity b. trade volumes c. spending power parity d. labor market data e. gross domestic product f. trade deficits and surpluses
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The wall street journal reported that walmart stores inc. is planning to lay off 2,300 employees at its sam's club warehouse unit. approximately half of the layoffs will be hourly employees (the wall street journal, january 25-26, 2014). suppose the following data represent the percentage of hourly employees laid off for 15 sam's club stores. 55 56 44 43 44 56 60 62 57 45 36 38 50 69 65 (a) compute the mean and median percentage of hourly employees being laid off at these stores. (b) compute the first and third quartiles. (c) compute the range and interquartile range. (d) compute the variance and standard deviation. (e) do the data contain any outliers? (f) based on the sample data, does it appear that walmart is meeting its goal for reducing the number of hourly employees?
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Business, 22.06.2019 17:00
Can someone me ? i’ll mark the best answer brainliest : )
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An essential element of being receptive to messages is to have an open mind true or false
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Laurel contributed equipment worth $200,000, purchased 10 months ago for $250,000 cash and used in h...
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