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
stiv31 [10]
3 years ago
12

Brian is a 25% partner in the BC Partnership. On January 1, BC distributes $20,000 cash and land with a $16,000 fair value (insi

de basis $8,000) to Brian. BC has no liabilities at the date of the distribution. Brian's basis in his BC partnership interest is $16,000. What is the amount and character of Brian's gain or loss on the distribution?
Business
1 answer:
pentagon [3]3 years ago
6 0

Answer:

The amount is $4,000 and Brain character reflects the capital gain.

Explanation:

Partnership: In partnership, there are two or more partners who are ready to share the profit or losses in their profit-loss sharing ratio.

The computation is shown below:

= Brain's basis - the inside basis

= $16,000 - ($20,000 - $8,000)

Since the brain basis show excess amount than inside basis which reflects the capital gain .

The inside basis is not relevant in the computation part. Hence, it is ignored.  

You might be interested in
What is possession utility?
katrin2010 [14]

b.) The Value added to a product by transferring ownership to the customer.

is the answer

<u>Explanation:</u>

Possession utility explains and possibly contains the gratification that arises from owning a product or using a service. Buying and selling of anything include the change of ownership from one to another.  Possession utility is what lets customers asses what they purchased. Having versatile choices for payment is one way to make possession simple for customers. Other methods can be how the product is delivered, how quickly it is delivered. Possession utility gets down to knowing how people relish what they have and what they give others. Although possession utility is peculiar, it is also significant and usually results after some kind of legal exchange.

6 0
3 years ago
A restaurant that offers food made exactly to each customer's preference is providing __________ utility.
Ilia_Sergeevich [38]
The answer is form utility
7 0
3 years ago
Advantages of budgeting include ______. Multiple select question. providing benchmarks for evaluating performance forcing manage
eduard

Advantages that can be associated with Budgeting are:

forcing managers to think about and plan for the future

- promoting cooperation and coordination among different areas within the organization

- providing benchmarks for evaluating performance

- providing lead time to solve potential problems.

  • Budgeting can be regarded as a process involving a creation of a plan to spend your money.

  • It helps the manager think about the future in terms of our finance and give a benchmarks for evaluating performance.

Therefore, Budgeting helps in how to spend our money.

Learn more at:

brainly.com/question/18803390?referrer=searchResults

8 0
3 years ago
Which of the following is a type of incentive? Choose one or more:
swat32

Answer:

A.  indirect

C. direct

D. negative

E. positive

Explanation:

Incentives are meant to motivate people to put more effort into the work they have been assigned to do.

It can come in several forms including;

  • Indirectly - these are incentives that do not directly impact a person but might spur them to work harder e.g donating food to a charity of their choice if they reach a certain target
  • Direct incentives affect the person directly.
  • Negative - these incentives are like punishments or threats thereof that work by reducing an unwanted behavior for example, reducing pay for late coming
  • Positive - these incentives involve rewarding a person for a job well done so that they can do more for example, bonuses for working hard.
6 0
3 years ago
HURRY HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Allisa [31]
I'd say fasle. many people now and days change jobs bc they arent what they thought it would be

4 0
3 years ago
Read 2 more answers
Other questions:
  • Where does AJ’s dad find AJ’s phone? A. Floor B. Board C. Passenger Side D. Behind the dashboard
    11·1 answer
  • What is the most important duty of a firm's financial officer? to ensure that the firm has enough cash on hand to meet its commi
    8·1 answer
  • We only want to consider incremental earnings in the capital budgeting process. incremental earnings are the
    5·1 answer
  • Annette, an energetic college junior, had been involved in the selling of goods for a number of years online. Annette supported
    11·1 answer
  • At the beginning of the current period, Griffey Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubt
    11·1 answer
  • A European dairy that is famous for its rich ice creams has introduced basil-, tomato-, fennel-, and oregano-flavored ice creams
    8·2 answers
  • John invested $12,000 in the stock of Hyper Cyber. Eight years later, Hyper Cyber's shares reached $125,000, but John held onto
    15·2 answers
  • Home Day is a large supermarket. It recently launched its own brand of cereals called Fast Bites, equivalent to most national br
    11·1 answer
  • All standalone pdp formularies have a ___-tier structure for 2022.
    12·1 answer
  • Simon bought a computer and made monthly payments. by the end of the month, simon had no money left for groceries. which step in
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!