subject
Business, 18.12.2019 20:31 Lianabel0517

Coy and matt are equal partners in the matcoy partnership. each partner has a basis in his partnership interest of $38,500 at the end of the current year, prior to any distribution. on december 31 they each receive an operating distribution. coy receives $16,300 cash. matt receives $4,785 cash and a parcel of land with a $11,515 fair market value and a $6,100 basis to the partnership. matcoy has no debt or hot assets. d. what is matt’s basis in the distributed property?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 19:50
Our uncle has $300,000 invested at 7.5%, and he now wants to retire. he wants to withdraw $35,000 at the end of each year, starting at the end of this year. he also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. for how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 14.21b. 14.96c. 15.71d. 16.49e. 17.32
Answers: 1
question
Business, 22.06.2019 20:10
With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals
Answers: 1
question
Business, 22.06.2019 21:30
Zara, a global retail and apparel manufacturer based in spain that has successfully implemented this idea by having a continuous flow of new products that are typically limited in supply. zara has created a system that draws its clientèle into its stores, on average, 17 times per year as compared to 4 times per year for most stores. how is zara using it to gain competitive advantage? what specific technologies are used by zara to maintain this advantage over its competition?
Answers: 3
question
Business, 23.06.2019 00:50
On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was:
Answers: 3
You know the right answer?
Coy and matt are equal partners in the matcoy partnership. each partner has a basis in his partnersh...
Questions
question
Mathematics, 05.11.2020 08:30
question
Mathematics, 05.11.2020 08:30
question
Biology, 05.11.2020 08:40
question
Chemistry, 05.11.2020 08:40
question
History, 05.11.2020 08:40
question
Mathematics, 05.11.2020 08:40
Questions on the website: 13722362