Business, 20.12.2019 01:31 legendman27
Brooke and john formed a partnership. brooke received a 40% interest in partnership capital and profits in exchange for contributing land (basis of $30,000 and fair market value of $120,000). john received a 60% interest in partnership capital and profits in exchange for contributing $180,000 of cash. three years after the contribution date, the land contributed by brooke is sold by the partnership to a third party for $150,000. how much taxable gain will brooke recognize from the sale?
Answers: 3
Business, 21.06.2019 20:40
Maria am corporation uses the weighted-average method in its process costing system. the baking department is one of the processing departments in its strudel manufacturing facility. in june in the baking department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,200. required: prepare a cost reconciliation report for the baking department for june.
Answers: 2
Business, 22.06.2019 00:00
Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.
Answers: 1
Business, 22.06.2019 11:00
Your debit card is stolen, and you report it to your bank within two business days. how much money can you lose at most? a. $500 b. $25 c. $50 d. $150
Answers: 2
Brooke and john formed a partnership. brooke received a 40% interest in partnership capital and prof...
Chemistry, 24.11.2021 15:20
Mathematics, 24.11.2021 15:20
Mathematics, 24.11.2021 15:20
Mathematics, 24.11.2021 15:30
Mathematics, 24.11.2021 15:30
Mathematics, 24.11.2021 15:30