Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contributes $22,000 of cash and land with a FMV of $67,000. Her basis in the land is $32,000. Andrew contributes equipment with a FMV of $24,000 and a building with a FMV of $45,000. His basis in the equipment is $20,000, and his basis in the building is $32,000. How much gain must the SA general partnership recognize on the transfer of these assets from Sue and Andrew?

Aminor has the legal right to repudiate

1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?