Business, 02.01.2020 22:31 kingfptduong
Riley is a 50% partner in the rf partnership and has an outside basis of $56,000 at the end of the year prior to any distributions. on december 31, riley receives a proportionate operating distribution of $6,000 cash and a parcel of land with a $14,000 fair value and an $8,000 basis to rf. what is the amount and character of riley's recognized gain or loss and what is his basis in his partnership interest? a. $50,000 partnership basis, $14,000 land basis. b. $50,000 partnership basis, $10,000 land basis. c. $40,000 partnership basis, $14,000 land basis. d. 40,000 partnership basis, $10,000 land basis.
Answers: 3
Business, 22.06.2019 13:40
After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.
Answers: 2
Business, 22.06.2019 20:00
Double corporation acquired all of the common stock of simple company for
Answers: 1
Business, 22.06.2019 22:00
Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases.b. the equilibrium wage increases and the equilibrium quantity of labor decreases.c. the equilibrium wage decreases and the equilibrium quantity of labor increases.d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.
Answers: 2
Riley is a 50% partner in the rf partnership and has an outside basis of $56,000 at the end of the y...
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