When Padgett Properties LLC, was formed, Nova contributed land (value of $367,500 and basis of $91,875) and $183,750 cash, and Oscar contributed cash of $551,250. Both partners received a 50% interest in partnership profits and capital.

a. How is the land recorded for § 704(b) book capital account purposes?

For § 704(b) book capital account purposes, Padgett records the land at $.

b. What is Padgett’s tax basis in the land?
$

c. If Padgett sells the land several years later for $551,250, Nova reports a $ gain and Oscar’s gain is $.

Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold.required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.

Which economic indicators are used to measure the global economy? check all that apply. a. purchasing power parity b. trade volumes c. spending power parity d. labor market data e. gross domestic product f. trade deficits and surpluses

Karen is working on classifying all her company’s products in terms of whether they have strong or weak market share and whether this share is in a slow or growing market. what type of strategic framework is she using?