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
alisha [4.7K]
2 years ago
13

Hilary had an outside basis in LTL General Partnership of $15,000 at the beginning of the year. LTL reported the following items

on Hilary's K-1 for the year: ordinary business income of $10,000, a $15,000 reduction in Hilary's share of partnership debt, a cash distribution of $25,000, and tax-exempt income of $8,000. What is Hilary's adjusted basis at the end of the year
Business
2 answers:
sergij07 [2.7K]2 years ago
5 0

Answer:

$7,000 Gain and $0 Adjusted basis

Explanation:

Hilary adjusted basis is calculation below.

Hilary outside basis in LTL General Partnership of $15,000

Add:Ordinary business income $10,000

Tax-exempt income $8,000

Less: reduction in Hilary's share of partnership debt $15,000

Cash distribution of $25,000

Adjusted basis loss $7,000

Hence;

= ( $ 7,000 ) + $ 7,000 ( gain )

= $ 0

Therefore Hilary's adjusted basis at the end of the year will be adjusted basis of $ 0 because

Hilary's basis increased by her share of ordinary business income and tax exempt income and then decreased by her actual cash distribution as well as her deemed cash distribution from the reduction in her share of debt which makes her actual and deemed cash distribution exceed her basis which is Hilary must report $ 7,000 of capital gain leaving her with a $0 basis in her partnership interest.

yan [13]2 years ago
4 0

Answer:

$0

Explanation:

$15,000 (Hillary's partnership basis at the beginning of the year) + $10,000 (ordinary business income) + $8,000 (tax exempt income) - $15,000 (reduction in share of partnership's debt) - $25,000 (cash distribution) = -$7,000. Since the basis cannot be negative, it is $0.

Also, since Hillary's adjusted basis resulted in a negative value, she must report a capital gain of $7,000. That way her basis = -$7,000 + $7,000 = $0

You might be interested in
1. A system held inventory to protect it from uncertainties in supply. In an effort to be lean, this inventory is used and not r
Bogdan [553]

Answer:

Answer 1.

In an instance of vulnerabilities in the inventory stays unaltered and inventories being utilized and not supplanted, the organization may miss the mark regarding the provisions to fulfill the need of the clients. Deficiency is just the situation since organization have just arranged the provisions relying upon their prerequisite. On the off chance that the stockpile remains even, the organization will precisely coordinate the interest of the market while in the event of vulnerabilities, there will be deficiencies as it were.  

The activity of the framework may require a move to Just-in-time system to satisfy the needs.  

Answer 2.

Lean work on: Making the business procedure progressively successful by dispensing with the inefficient practices. In, easier words, making high an incentive by utilizing the base assets.  

Seller oversaw stock: It is a methodology where the stock levels (prerequisite of the purchasers) are taken consideration by the providers. The provider pays special mind to the stock degrees of the client and tops off them naturally without looking for the purchaser authorization. Such an agreement for example to not look for authorization is made before-hand.  

VMI is viewed as a lean practice in light of the fact that the provider deals with the stock and timetables the creation as per the necessities of the client. In this manner, wiping out inefficient practices, for example, overproduction, deferred creation.  

Truly, VMI helps in decreasing the stock since recharging of the items happens when these are truly required.  

Answer 3.

Just on the off chance that framework is a stock administration technique which keeps certain measure of assets (man, machine, material) close by so they can be utilized when required without influencing the procedure stream or causing stock-outs.  

In this manner, the expression Just on the off chance that alludes to an any startling situation.  

Answer 4.

Level booking rule alludes to the system answerable for smooth creation stream in a period. The goal of this methodology is to bring down the lopsidedness by coordinating the last item plan with that of the sub-assemblies. To accomplish a level timetable the creation and deals division must work together.  

No, this isn't a logical inconsistency to the way of thinking of the lean. It is on the grounds that, the lean way of thinking likewise takes into account letting down the inefficient practices to improve the procedure and in general effectiveness thus does the level planning searches for.

7 0
3 years ago
An electric power company uses block pricing for electricity sales. block pricing is an example of?
mario62 [17]

Answer:

Second-degree price discrimination.

<h3>Explanation:</h3>
  • Second-degree price discrimination occurs when a company charges a different price for different quantities consumed, such as quantity discounts on bulk purchases.
  • It involves pricing goods and services in such a way that it drums up demand and consumption.
  • There are various degrees of this strategy, notably first-, second-, and third-degree price discrimination.

To learn more about second-degree price discrimination, refer

to brainly.com/question/1065123

#SPJ4

5 0
1 year ago
Under lot-for-lot, order sizes for component parts are essentially determined directly from which one of the following? a. gross
Nastasia [14]

Answer: b. Net requirements

Explanation: Lot sizing is used to consolidate the calculated net requirements by a certain unit. It puts into consideration cost reduction and work efficiency. One method of lot sizing is the lot-for-lot where the net requirements occurring for each period are the order quantity which generates greater volume of orders with smaller quantities per order and inventory investment as a result of ordering exact requirements only. The order sizes for component parts are essentially determined directly from net requirements.

5 0
3 years ago
In the design of a chemical plant, the following costs and revenues (in the third year of production) are projected:
miss Akunina [59]

Answer:

A

Explanation:

6 0
3 years ago
Brewer Inc. has 5,000 shares of 8%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock ou
ASHA 777 [7]

Answer:

option 3 is correct answer that is $ 25000

Explanation:

Annual dividend paid to stakeholder = 5000\times $50\times 8% =$20,000

Dividend declared and paid in 2013 = $15,000

Preferred dividend = $20,000 -$15,000

                                = $5,000

since the available stocks are cumulative, No dividend has paid to common stockholders in the year  2014 until dividends in 2013 and annual dividends for the year  2014 are paid in full

therefore, $60,000 dividends declared and paid in 2014, the preferred stock holders will receive $5000 for 2013 dividend  and $ 20,000 for 2014 dividends

total dividends received by preferred stock holder in 2014 $5000 + $20,000

= $25,000

5 0
3 years ago
Other questions:
  • Smarty Pants Company sells two products, green camouflage pants and orange camouflage pants. Smarty Pants predicts that it will
    11·1 answer
  • Regression analysis models helped Avon realize that employee benefits and the appointment fee that representatives pay for mater
    11·1 answer
  • You can expect that an investment could gain or lose as much as 20% in a year. Your investment is $5,000. What is the lowest val
    11·1 answer
  • Fun! Inc. had total sales of $ 480,000 in 2014. The total cost of goods sold was $ 400,000 and the administrative and sales cost
    9·1 answer
  • Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans pro
    6·1 answer
  • Name FIVE factors that must be considered when choosing a form of ownership.
    15·1 answer
  • If there are 3 spots on an employment application to list references, how many references do you need to list?
    6·1 answer
  • Application of career management model
    9·1 answer
  • Work with delivery teams that are implementing the solution to ensure the technology features are appropriate. Ensure alignment
    6·1 answer
  • Which of the following could result in higher living costs for the homeowner that the renter doesn’t have? a. Decreased proper
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!