Answer:
1. a. Callie =$375,000
b. Neil $25,000
2. Equal
Explanation:
The computation of given question is shown below:-
1. Adjusted Callie contribution = $300,000
Neil contribution = $100,000 × 50%
= $75,000
Callie basis in partnership interest after the formation = $300,000 + $75,000
= $375,000
Adjusted Neil contribution = $100,000
Neil contribution = $100,000 × 50%
= $75,000
Neil basis in partnership interest after the formation = $375,000 - $75,000
= $25,000
2. Equal or in Profit-Loss Sharing Ratio
In the profit - loss sharing ratio or equal when debt is allocated between the two partners
A series of political and economic changes known as perestroika, or "restructuring" in Russian, were implemented to revitalize the Soviet Union's sluggish economy in the 1980s. President Mikhail Gorbachev, who designed it, would preside over the nation's most significant political and economic reforms since the Russian Revolution. But the Soviet Union's dissolution in 1991 was largely caused by the suddenness of these reforms, which were accompanied with rising instability both inside and beyond the Soviet Union.
What was the policy of Gorbachev's on Social and political topics?
The Soviet Union's policy of free discourse on social and political topics was known as glasnost (Russian for "openness"). The Soviet Union started to become democratic after Mikhail Gorbachev implemented it in the late 1980s. In the end, the Soviet Union's political system underwent substantial changes: the Communist Party's influence was diminished, and multi-candidate elections were held. Additionally, Glasnost allowed media outlets to more freely disseminate news and information and tolerated criticism of government authorities.
To know more about policy of gorbachev's visit: brainly.com/question/3929652?
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<span>This behavior trend where a consumer spends money on homes to make it pleasurable environment is called as cocooning. Cocooning means staying in a protective and comfortable way or place. It even means hiding yourself from real world which may not always be a ideal place.</span>
Answer:
What is BAD DEBT EXPENSE for THIS year?
4000
Explanation:
Aging
Current 20000 2% 400
1-30 50000 4% 2000
31-60 30000 7% 2100
Over 60 10000 25% 2500
7000
Allowance bad debts 3000
Expense 4000
Answer:
c. $59,000
Explanation:
The cash flow statements shows the effect of the company's activities on cash. These activities are classed into operating, investing and financing activities.
When an asset is sold, the amount received from the sale is an inflow of cash to the company. This inflow is recognized in the investing segment of the cas flow statement.
Hence, the amount that should be reported as a source of cash under cash flows from investing activities is $59,000.
