1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Irina18 [472]
3 years ago
8

An equal partnership is formed by rita and gerry. rita contributes cash of $10,000 and a building with a fair market value of $1

50,000, adjusted basis of $55,000 and subject to a liability of $60,000. gerry contributes cash of $100,000. what is the partnership's basis in the building contributed by rita?
a. $55,000
b. $60,000
c. $90,000
d. $150,000
e. none of the above
Business
1 answer:
wariber [46]3 years ago
4 0
Given:
<span>Rita contribution:
cash of $10,000
building with a fair market value of $150,000, adjusted basis of $55,000 and subject to a liability of $60,000

</span><span>Gerry contribution:
cash of $100,000
</span>
<span>The partnership's basis in the building contributed by Rita is a. $55,000.

The amount corresponds to the adjusted basis. It is already the adjusted value of the building after the fair market value and the corresponding liabilities have been considered in the computation of the adjusted building value.</span>
You might be interested in
When government policy moves from a budget surplus to a budget deficit and the trade deficit remains constant: savings will decr
Dovator [93]

Investment will decline if savings also decline when a government's fiscal policy switches from a budget surplus to a budget deficit and the trade deficit stays steady.

<h3>What occurs if there is a budget surplus or deficit for the government?</h3>
  • A budget deficit occurs when the federal government spends more money than it takes in from taxes in a given year.
  • In contrast, the government has a budget surplus when it collects more taxes than it spends in a single year.
<h3>What distinguishes a budget surplus from a budget deficit?</h3>

A government experiences a budget surplus when its tax revenues exceed its expenditures, a budget deficit when its expenditures exceed its tax revenues, and a balanced budget when the two figures are equal.

<h3>How do trade deficits result from budget deficits?</h3>

A budget deficit causes interest rates to rise, which raises net capital inflows and currency depreciation, which lowers net exports.

learn more about budget surplus and deficit here

<u>brainly.com/question/26010226</u>

#SPJ4

3 0
2 years ago
Gerrald Express is a partnership business registered in Singapore. The partners are Glenn and Kim. Each of the partners contribu
Nonamiya [84]

Answer:

i dont knowpls mark me as brinlest

Explanation:

6 0
3 years ago
research the telemedicine industry and describe two companies offering services . what are the pros and cons of offering medical
Anastasy [175]

Answer:

Telemedicine is a tool that is used for medical information change from one area to another area through electronic communications fro the improvement of clinical health status of the patient.

The Two companies that offers Telemedicine are CC and CADo

CC it involves practicing physicians that are board certified to provide various range of Telemedicine services around the world. some services that CC cover s are primary care, home care, urgent care.

CADo refers to a service that assist in connecting patient with related doctors via phone and online. this company is specialized to offer basic medical services which does not require visits in person.

The pros of Telemedicine are that,(1) it helps patient to save health care costs (2) It increases patient engagement.

The cons are (1) It requires equipment and technical training. (2)It reduces in persons interactions with the related doctors.

Yes there are some governmental or industrial rules for Telemedicine industry. it helps this industry to broaden their traditional practice of medicine towards outside the wall of a typical medical practice.

Explanation:

Solution

Telemedicine is a technique that is used for medical information interchange from one area to another area through electronic communications for the improvement of clinical health status of the patient.

Telemedicine has a variety of growing applications and services that uses email, two way videos, wireless tools, smart phones and other types of telecommunication technology.

Two companies that offers Telemedicine is given below:

(1) CC: CC was established in the year 2010. it works with practicing physicians that are board certified to provide various range of Telemedicine services around the world. some services that CC cover s are primary care, home care, urgent care.

(2) CADo : It is a service that helps to connect patient  with doctors though phone and online. this company is specialized to offer basic medical services which does not require visits in person

Pros and Cons of Telemedicine is as follows:

Pros:

  • It is more accessible and convenient health care for the patients
  • It helps patient to save health care costs
  • It increases patient engagement
  • It provide better quality of patient care

Cons:

  • It requires equipment and technical training
  • It reduces in persons interactions with the related doctors
  • In this service come Telemedicine models reduce care continuity

Yes there are some governmental or industrial guidance for Telemedicine industry. it helps this industry to extend their traditional practice of medicine towards outside the wall of a typical medical practice.

4 0
4 years ago
After being introduced to a higher-priced washing machine, the customer expresses a desire to purchase a lower-priced item. when
horrorfan [7]

Based on the scenario above, when this happens, the customer is likely to be engaging or to have a traded down. The trading down is being defined as having the quality of the product to be reduced in means of being able for the price to be suited for its consumers.

3 0
3 years ago
If city a is located 35° west of city b, the time at city a is ________ that at city<br> b.
kumpel [21]
<span>If city a is located 35° west of city b, the time at city a is earlier that at city b. This is because the earth usually rotates form west to east which is counterclockwise when observed from above. The rotation of the earth gives us course of the day.</span>
8 0
3 years ago
Read 2 more answers
Other questions:
  • Kiersten decided to invite her friends to a cookout at her house. She made a delicious fruit salad from fruits she grew in her y
    8·1 answer
  • Assume a person saves $62 a month by using coupons and doing comparison shopping.
    7·1 answer
  • Rhiannon is confident she can complete a difficult problem set in one of her engineering courses. rhiannon has high self-:
    8·1 answer
  • The purpose of making closing entries is to: Select one: a. Reset the temporary accounts and update retained earnings. b. Enable
    10·1 answer
  • Daimler ag agreed to sell 30 trucks to romania in exchange for 150 romanian-made jeeps. daimler then sold the jeeps in ecuador i
    11·1 answer
  • Crandle Manufacturers Inc. is approached by a potential customer to fulfill a one−time−only special order for a product similar
    6·1 answer
  • The total assets on the balance sheet was $128,800 before journalizing and posting the adjusting entries for $800 of expired ins
    12·1 answer
  • On July 1, Smith Company borrowed $430,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30
    9·1 answer
  • KLM Corporation's quick assets are $5,996,000, its current assets are $12,480,000 and its current liabilities are $8,068,000. It
    14·1 answer
  • For the purpose of calculating gdp, investment is spending on
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!