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Digiron [165]
3 years ago
15

Randolph is a 30% partner in the rd partnership. on january 1, rd distributes $15,000 cash, inventory with a fair value of $20,0

00 (inside basis of $10,000), and a parcel of land with a fair value of $10,000 (inside basis of $5,000) to randolph in complete liquidation of his interest. rd has no liabilities at the date of the distribution. randolph's basis in rd is $37,000. what is randolph's basis in the distributed inventory and land? $10,000 inventory, $10,000 land $10,000 inventory, $5,000 land $10,000 inventory, $12,000 land $20,000 inventory, $10,000 land
Business
1 answer:
devlian [24]3 years ago
6 0

Answer:set up a poportion

Explanation:

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The Atlantic Co. is an all-equity company with sales of $21,600, costs of $14,780, depreciation of $2,000, and taxes of $1,012.
lora16 [44]

Answer:

$5174.75

Explanation:

(21600-14780-2000)*1.22*0.88=5174.75

3 0
4 years ago
Discuss and develop a theoretical network architecture for a small business in the area that wishes to expand into new facilitie
SVETLANKA909090 [29]

Answer:

The responses can be defined as follows:

Explanation:

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3 0
3 years ago
You are giving a tour of businesses to several classical musicians from China. One of the Chinese in the tour group has asked yo
HACTEHA [7]

Answer:

Purpose of business is to increase general well being of people by selling goods and services.

Explanation:

The main purpose of business is to increase well being of people, make profits for its stakeholders and offering value for money to its customers or clients through products and or services. The products and services provided by the company should not harm its customers and clients instead these products and services should provide benefits to its users and satisfy their needs. While making profits a company should keep scarce resources in mind so the needs of the future generation is not compromised also it does not harm the environment by its poisonous wastage. Every business requires some form of investment as an input though which quality output can be provided to its customers and clients.

5 0
3 years ago
Assume you have $2,000 in a savings account at the beginning of the year and the price level is equal to 100. If the price level
leva [86]

Answer:

$1,667

Explanation:

Given that,

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Price level at the beginning of the year = 100

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Therefore, what was worth $120 earlier, is not worth only $100.

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= 0.833 × $2,000

= $1,667

Therefore, the real value of the savings is $1,667.

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8_murik_8 [283]

I think A and C.

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