Answer:
d. Building $250,000; Fontaine, Capital $175,000
Explanation:
the partnership should record the building at the market value of $250,000 and:
Fontaine capital = market value of the building - mortgage responsibility on the property
= $250,000 - $75,000
= $175,000
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.
Answer:
The cost reduction strategy that Denim supply limited can use is Low-cost country sourcing (LCCS)
Explanation:
Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a company's services or product, the strategies can vary. Every decision in the product development process affects cost.
Low-cost country sourcing (LCCS) is procurement strategy in which a company sources materials from countries with lower labor and production costs in order to cut operating expenses.
Wisdom. I Hope this helps! :)