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My name is Ann [436]
3 years ago
14

When bruno's basis in his llc interest is $187,200, he receives cash of $74,880, a proportionate share of inventory, and land in

a distribution that liquidates both the llc and his entire llc interest. the inventory has a basis to the llc of $46,800 and a fair market value of $59,904. the land's basis is $84,240 and the fair market value is $74,880. how much gain or loss does bruno recognize and what is his basis in the inventory and land received in the distribution?
Business
1 answer:
adoni [48]3 years ago
7 0
<span>If Bruno's basis in LLC interest is $187,200 he receives $74,880 cash. Bruno's basis in inventory is $51,346 and his basis in land is $64,183. The total value Bruno has in cash, inventory, and land is $190,409. Bruno recognized a gain of $3,209.</span>
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Describe business owner policy.

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King's crown, a beverage company, launches a new energy drink. it sponsors a marathon in the city as part of its promotional str
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2 years ago
You buy an 8-year $1,000 par value bond today that has a 6% yield and a 6% annual payment coupon. In 1 year promised yields have
jolli1 [7]

Answer:

A. 0.61%

Explanation:

Calculation for what your 1-year holding-period return

Based on the information given the $1,000 par value bond will be the price for the year and we should also take note that YTM also equals the coupon rate.

We are going to use calculator to find what the following year's price will be

N = 7

I/Y = 7

PMT = 60 (60%×$1,000)

FV = 1,000

CPT PV -946.11

Now let calculate how much we would have at the end of 1 year

$946.11 + $60

= $1,006.11

Last step is to calculate for what your 1-year holding-period return

Holding-period return = $1,006.11/$1,000 - 1

Holding-period return= 0.61%

Therefore your 1-year holding-period return was 0.61%

4 0
4 years ago
Martin's Yachts is expected to pay annual dividends of $1.40, $1.75, and $2.00 a share over the next three years, respectively.
sergij07 [2.7K]

Answer:

Po = D1/1+ke + D2/(1+ke)2 + D3/(1+ke)3

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Explanation:

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Po = Current value per share, D  represents dividend paid and ke = return on equity(discount rate)

8 0
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