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
Lilit [14]
3 years ago
11

Answer the following statement true (T) or false (F):Mark is a cash basis taxpayer. He is a partner in the M & M partnership

, and his share of the partnership's profits for 2019 is $90,000. Only $40,000 was distributed to him in January 2019, and this was his share of the 2018 partnership profits. None of the 2019 profits was distributed. Mark's gross income from the partnership for 2019 is $40,000.
Business
1 answer:
BaLLatris [955]3 years ago
4 0

Answer:

None of the 2019 profits was distributed. TRUE, you cannot distribute profits before you make them. The year has just started, so any distributions must correspond to the prior year.

Mark's gross income from the partnership for 2019 is $40,000. FALSE, a partnership is a pass through entity, and each partner is responsible for his/her complete share of the profits. In this case, Mar's income = $90,000

You might be interested in
Doloris is a college sophomore. She is currently living in a dorm and signed a contract to pay the dorm fees for the full academ
Leokris [45]
If u can’t find the answers here, u can always use Socratic
8 0
4 years ago
If the labor force grows at a faster rate than the number employed, it means that
ss7ja [257]

Answer:

the number employed, the unemployment rate will rise.

Explanation:

4 0
4 years ago
Read 2 more answers
During most of the Soviet rule (and certainly after 1934), any form of experimental art was considered dissident and, therefore,
QveST [7]

The statement, "During most of the Soviet rule (and certainly after 1934), any form of experimental art was considered dissident and, therefore, could only exist as a part of underground culture" is True

Option a

<u>Explanation: </u>

All across the 1920s, the creation of Soviet Art was followed by an era of severe ideological competitiveness among artistic groups, which each tried to ensure that their views were given a priority for the determination of the shapes and instructions under which soviet art will also grow.

The increasing crisis of radical left wing artwork done this fight even more angry, In the late 1930's, several avant-garde movements that emerged in the 1910s had become tired and began depicting artifacts in real life, as they sought to return to the traditional model of drawn pictures.

6 0
3 years ago
some pencils are to be shared between grade 7, grade eight students receive 196 more than grade 7 students no, find the total nu
allochka39001 [22]

Answer:

203

Explanation:

5 0
3 years ago
What people organization and technology problems were responsible for nasty gals failure as a business?
Paladinen [302]

Answer: Heavy expenditures on marketing and advertising

Explanation:

The fact that a business does marketing or advertising is not a guarantee that business will follow suit immediately, business owners have to understand that marketing and advertising is a long term trend when purchaser's become loyal shoppers. Nasty Gal's swift growth was propelled by heavy expenditures on advertising and marketing.

3 0
3 years ago
Other questions:
  • A certified check is a check that has been accepted by the bank on which it is drawn.
    5·1 answer
  • The price of a new computer game has demand of 3,000 units at $50 and 2,500 units at $60. Calculate the Price Elasticity of Dema
    14·1 answer
  • Suppose the president of the united states announces a new set of reforms that includes a new​ anti-inflation program. assuming
    15·1 answer
  • Speedy Delivery Company purchases a delivery van for $36,000. Speedy estimates that at the end of its four-year service life, th
    14·1 answer
  • Sam was injured in an accident, and the insurance company has offered him the choice of $25,000 per year for 15 years, with the
    5·1 answer
  • Which of the following are the best ways to speak
    12·1 answer
  • Which graph represents the ownership of community hospitals? A pie graph shows three types of ownership. In order from greatest
    9·2 answers
  • Q23. It is said that controlling function is the best source to judge the accuracy of the
    10·1 answer
  • A company received 500 applications for a specific position.30 were given an assignment test. Only 15 were invited to an intervi
    13·1 answer
  • What is the foreign exchange market?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!