![subject](/tpl/images/cats/ekonomika.png)
Business, 05.11.2020 16:20 heytherepeople101
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?
![ansver](/tpl/images/cats/User.png)
Answers: 2
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 18:20
Which of the following housing decisions provides a person with both housing and an investment? a. selling a share in a cooperative. b. buying a single-family home. c. renting an apartment. d. subletting a condominium. 2b2t
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 00:40
The silverside company is considering investing in two alternative projects: project 1 project 2 investment $500,000 $240,000 useful life (years) 8 7 estimated annual net cash inflows for useful life $120,000 $40,000 residual value $32,000 $10,000 depreciation method straightminusline straightminusline required rate of return 11% 8% what is the accounting rate of return for project 2? (round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, x.xx%.)
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 13:10
Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.
Answers: 3
You know the right answer?
Laurel contributed equipment worth $200,000, purchased 10 months ago for $250,000 cash and used in h...
Questions
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/es.png)
Spanish, 15.10.2020 02:01
![question](/tpl/images/cats/mkx.png)
![question](/tpl/images/cats/biologiya.png)
Biology, 15.10.2020 02:01
![question](/tpl/images/cats/biologiya.png)
Biology, 15.10.2020 02:01
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 15.10.2020 02:01
![question](/tpl/images/cats/himiya.png)
Chemistry, 15.10.2020 02:01
![question](/tpl/images/cats/mat.png)
Mathematics, 15.10.2020 02:01
![question](/tpl/images/cats/biologiya.png)
Biology, 15.10.2020 02:01
![question](/tpl/images/cats/biologiya.png)
Biology, 15.10.2020 02:01
![question](/tpl/images/cats/istoriya.png)
History, 15.10.2020 02:01
![question](/tpl/images/cats/biologiya.png)
Biology, 15.10.2020 02:01
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/fizika.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 15.10.2020 02:01