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
Mariana [72]
2 years ago
15

Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contrib

utes $16,000 of cash and land with a FMV of $61,000. Her basis in the land is $26,000. Andrew contributes equipment with a FMV of $18,000 and a building with a FMV of $39,000. His basis in the equipment is $14,000, and his basis in the building is $26,000. How much gain must the SA general partnership recognize on the transfer of these assets from Sue and Andrew?
Business
1 answer:
brilliants [131]2 years ago
5 0

2hsishdvdushsvdusvdvdbd

You might be interested in
A client, age 67, owns his own home free and clear. The customer has an annual income of $25,000, mainly from social security an
FromTheMoon [43]

Answer:

The best recommendation to be made to this client is to do nothing.

Explanation:

Investment in stock is a highly risky investment because price of stock often fluctuates which can make an investor to lose a lot of money.  

From the question, the client is already old at age 67 with a low income and he does not have any other liquid assets apart from the annual income of $25,000, mainly from social security and interest on funds held in a bank savings account.

Since losing so much money through investment in stock is not affordable to him, the best recommendation to be made to this client is to that he should do nothing.

3 0
3 years ago
Which action is an example of an expansionary monetary policy?
kicyunya [14]
A. Lowering the interest on reserve rate.

Expansionary monetary policy increases money supply by lowering interest rates
6 0
3 years ago
Read 2 more answers
B. An electronic store
lukranit [14]

In electronics Store there is an electronics items such as wire,etc

5 0
3 years ago
If you have credit cards that have a total credit limit of $5,000, and you have only $100 remaining before you reach your credit
lina2011 [118]

Answer: not at all

Explanation:

not enough information to advise “negative” or “positive”

7 0
3 years ago
Read 2 more answers
Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale c
Lyrx [107]

Explanation:

The solution can be made in tabular form as given below for better comprehension. This easily calculates gross profit  for each of the four costing methods.

Particulars                         FIFO    LIFO           Avg cost Spec. ID

Sales                                50900   50900             50900 50900

Cost of goods sold         31800    32920              32248 32540

Gross Profit                          19100     17980               18652 18360

8 0
3 years ago
Other questions:
  • Masterson, Inc., has 4.1 million shares of common stock outstanding. The current share price is $84, and the book value per shar
    13·1 answer
  • Stock in ABC Enterprises has a beta of 1.28. The market risk premium is 7.4 percent, and T-bills are currently yielding 3.6 perc
    9·1 answer
  • Pandora invested in the Box Mutual Fund by purchasing 1,000 shares on November 9, Year 1. On the first day of every month, the B
    12·1 answer
  • 4. It's important to remain open during communication and understand that communication and dialogue involves ______ the thought
    14·2 answers
  • Rose decides she wants to begin her own business, marketing toward online game players. Which of the following best answers the
    9·1 answer
  • In Maddie's company, senior officers eat in the same cafeteria as the entry-level workers. On a trip to a different country, she
    6·1 answer
  • The actual cost of direct labor per hour is $ 11.00 and the standard cost of direct labor per hour is $ 9.50. The direct labor h
    12·1 answer
  • A manager is asked to initiate activities that will support environmental scanning. Which activity should be used by this manage
    5·1 answer
  • Look up toga and find out
    11·2 answers
  • Call to actions are used in ads to...
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!