Business, 24.12.2019 21:31 rayanne6050
When padgett properties llc was formed, nova contributed land (value of $200,000 and basis of $50,000) and $100,000 cash, and oscar contributed cash of $300,000. both partners received a 50% interest in partnership profits and capital. a. how is the land recorded for § 704(b) book capital account purposes? b. what is padgett’s tax basis in the land? c. if padgett sells the land several years later for $300,000, how much tax gain will nova and oscar report?
Answers: 1
Business, 21.06.2019 13:30
Sam robinson borrowed $21,000 from a friend and promised to pay the loan in 10 equal annual installments beginning one year from the date of the loan. sam’s friend would like to be reimbursed for the time value of money at a 9% annual rate. what is the annual payment sam must make to pay back his friend?
Answers: 1
Business, 22.06.2019 05:30
Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.
Answers: 1
Business, 23.06.2019 02:40
The mayflower, a seafood restaurant, had the following liabilities by the end of 2015: accounts payable $60,000 wages payable $100,000 unearned revenue $125,000 (60% will be earned in 2016) notes payable $140,000 ($45,000 payable in 2016) what is the amount that the mayflower should report as total current liability on its balance sheet as of december 31, 2015?
Answers: 2
Business, 23.06.2019 23:30
You have been placed in charge of all promotion for a product that has common appeal in different cultures around the world. you will most likely engage in
Answers: 2
When padgett properties llc was formed, nova contributed land (value of $200,000 and basis of $50,00...
Physics, 19.08.2020 09:01
English, 19.08.2020 09:01
History, 19.08.2020 09:01
English, 19.08.2020 09:01
Mathematics, 19.08.2020 09:01
History, 19.08.2020 09:01
Computers and Technology, 19.08.2020 09:01
World Languages, 19.08.2020 09:01
Arts, 19.08.2020 09:01