Business, 03.03.2020 19:23 lfeliz

On January 11 of the current year, Birchfield and Torcoletti form the BT LLC. Their contributions to the LLC are as follows. Adjusted Basis Fair Market Value From Birchfield: Cash $112,000 $112,000 Accounts receivable $0 $69,000 Inventory $205,000 $215,000 From Torcoletti: Cash $396,000 $396,000

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On January 11 of the current year, Birchfield and Torcoletti form the BT LLC. Their contributions to...

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