subject
Business, 02.01.2020 18:31 hellenjones30p0kvtl

Wozniacki and wilcox form jewel llc, with each receiving a one-half interest in the capital and profits of the llc. wozniacki receives his one-half interest as compensation for tax planning services he rendered prior to the formation of the llc. wilcox contributes $50,000 cash. the value of a one-half capital interest in the llc (for each of the parties) is $50,000. a. how much income does wozniacki recognize as a result of this transaction, and what is its character? b. how much is wozniacki’s basis in the llc interest? how will jewel llc treat this amount?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 23:00
The company financial officer was interested in the average cost of pcs that had been purchased in the past six months. she took a random sample of the price of 10 computers, with the following results. $3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000 what is the iqr?
Answers: 2
question
Business, 22.06.2019 06:30
If the findings and the results are not presented properly, the research completed was a waste of time and money. true false
Answers: 1
question
Business, 22.06.2019 07:30
Fill in the missing words to correctly complete each sentence about analyzing a job posting. when reviewing a job posting, it’s important to check theto determine whether it’s worth your time to apply. if the post has been up for a while or it’s already closed, move on to the next position. if it’s still available, take note of when it closes so you’ll know when you mayfrom the company in regard to an interview.
Answers: 1
question
Business, 22.06.2019 23:00
Even sole proprietors should have at least how many computers? 1 2 3 4
Answers: 1
You know the right answer?
Wozniacki and wilcox form jewel llc, with each receiving a one-half interest in the capital and prof...
Questions
question
Mathematics, 15.04.2020 23:51
question
Mathematics, 15.04.2020 23:51
Questions on the website: 13722367