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
larisa [96]
3 years ago
8

Gerald received a one-third capital and profit (loss) interest in XYZ Limited Partnership (LP). In exchange for this interest, G

erald contributed a building with an FMV of $37,000. His adjusted basis in the building was $18,500. In addition, the building was encumbered with a $9,750 nonrecourse mortgage that XYZ LP assumed at the time the property was contributed. What is Gerald's outside basis immediately after his contribution
Business
1 answer:
ollegr [7]3 years ago
7 0

Answer:

$12,000

Explanation:

According to the given situation,the computation of the outside basis is shown below:-

Total Outside basis = Adjusted basis - Non-recourse mortgage + G's share of mortgage

= $18,500 - $9,750 + ($9,750 × 3)

= $18,500 - $9,750 + $3,250

= $12,000

Therefore for computing the total outside basis we simply applied the abovbe formula.

You might be interested in
Sekelow Enterprises is a debt collection agency. It uses postcards to contact consumer debtors it is attempting to collect from
Olegator [25]

Answer:

The correct answer is: No, it is not legal.

Explanation:

The Fair Debt Collection Practices Act (FDCPA) is a federal law that prohibits debt collectors from using abusive, unreasonable, or misleading money-recovery methods. That is meant to protect debtors from harassment or intimidation.  

<em>Collectors cannot present themselves as law enforcement or government officials, they cannot call people at work or multiple times at home or during out hours, they cannot pass off papers as legal documents when they are not, they cannot arrest you, or lie in any way.</em>

Thus, <em>Sekelow has violated the FDCPA by sending debtors postcards requesting contact from their end.</em>

5 0
3 years ago
The division of expenses and income between a buyer and seller at closing is known as…?
Fiesta28 [93]

Answer:

Prorating

Explanation:

Prorating refers to the amount that the seller is usually liable to pay the buyer as for the period of closing the deal to the date it is actually closed.

Basically any amount of rent that is earned by the seller on the property which is meant to be sold and that the buyer expected to settle the deal, on a date previous to the actual date on which the deal is done, then the amount of rent for such period is called prorated.

That is the closing amount of expenses or income in between the seller and the buyer, in a real estate transaction.

3 0
3 years ago
we can use different parts of alandscape to represent different stages of its evolution this strategy is called trading location
LuckyWell [14K]

We can use different parts of a landscape to represent different stages of its evolution this strategy is called trading location for <u>time</u>

<u></u>

<h3>Definition of evolution</h3>

The term "evolution" is one that most of us first hear in a science class, although the idea has application in a variety of fields, including biology, technology, and behavior.

When we discuss business evolution, we're talking about adapting to market dynamics, client demand, and evolving technologies to assure relevance and advancement.

According to Paul Salnikow, who makes this argument, "We have seen the rise of shifts in business habits, with global travel, The emergence of the internet, and really global communication. People now view marketplaces on a regional or even global level rather than as a country or city, and in order to reach their markets, they relocate.

Learn more about evolution

brainly.com/question/21202780

#SPJ4

3 0
2 years ago
Make me laugh and ill give you brainly along with 15 points
N76 [4]

Answer:

Whats a lawyers favorite suit...

A lawsuit

Explanation:

6 0
3 years ago
You find a zero coupon bond with a par value of $10,000 and 14 years to maturity. The yield to maturity on this bond is 5.1 perc
Lelechka [254]

Answer:

Bond Price = $4940.8468 rounded off to $4940.85

Explanation:

The price of a zero coupon bond is simply calculated by calculating the present value of the face value of the bond that the bond pays at maturity. The formula for the price of a zero coupon bond is,

Bond Price = Face Value / ( 1 + r )^n

Where,

  • r is the rate or YTM
  • n is the number of periods left to maturity

Assuming that the r or YTM is always stated in annual terms, the semi annual YTM will be 5.1% / 2 = 2.55%

Assuming semi annual compounding periods, the total number of periods or n will be,

n = 14 * 2 = 28

Bond Price = 10000 / (1 + 0.0255)^28

Bond Price = $4940.8468 rounded off to $4940.85

7 0
3 years ago
Other questions:
  • The decision about what goods and services will be produced in a market economy is made by
    15·1 answer
  • Who must know the scientific definitions of economics
    12·1 answer
  • Consider a no-load mutual fund with $580 million in assets and 20 million shares at the start of the year and with $630 million
    10·1 answer
  • Selling, general, and administrative expenses were $59,000; net sales were $268,100; interest expense was $6,300; research and d
    15·1 answer
  • Which one of the following financial statements does not report amounts primarily on an accrual basis? Multiple Choice Balance s
    15·1 answer
  • What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an
    8·1 answer
  • Velocity Company estimates the following for the next year, when common stock is expected to trade at a price-earnings ratio of
    7·1 answer
  • This year Maria works 1,200 hours as a computer consultant, 320 hours in a real estate development business, and 400 hours in re
    8·1 answer
  • If $1,000 is deposited in a certain bank account and remains in the account along with any accumulated interest, the dollar amou
    10·1 answer
  • How does managing the production process impact business operations?​
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!