Answer:
Building= $334,000
Fontaine's capital account= $217,000
Explanation:
From the question above
Fountain company and Monroe company come together to form a partnership.
Fontaine invests a building that has a market value of $334,000
The partnership takes charge for a $117,000 note secured by a mortgage on the building
Monroe invests $92,000 on cash and equipments
The cash and equipments has a market value of $67,000
Therefore the amount recorded for the building is $334,000
The amount recorded for Fontaine's capital account is
= $334,000-$117,000
= $217,000
Hence for the partnership the amounts recorded for the building and fontaine's capital account is $334,000 and $217,000 respectively.
Answer:
The correct answer is: 36 months or 3 years.
Explanation:
The Department of Treasury Circular 230 establishes the regulations for all those professionals who represent individuals before the Internal Revenue Service (<em>IRS</em>) such as <em>lawyers </em>and <em>accountants</em>. In section 10.29 there is a retention requirement in front of conflict of interest that implies waivers or consents to be retained by the tax professional for <em>3 years post-representation</em> and made available to the IRS if requested.
Answer:
beginning inmediately: $ 140,095.127
after a year: $ 152,703.688
with a salvage value: $ 148,227.912
Explanation:
We need to find the PMT of 980,000 dollars being ordinary annuity or annuity-due discounted at 9%
Annuity-due:
PV $980,000.00
time 10
rate 0.09
C $ 140,095.127
Annuity:
PV $980,000.00
time 10
rate 0.09
C $ 152,703.688
If there is a salvage value, we discounted from the lease value:
980,000 - present value of salvage value:
Maturity $68,000.0000
time 10.00
rate 0.09
PV 28,723.93
980,000 - 28,724 = 951,276
<u>Now we calculate the PMT:</u>
PV $951,276.00
time 10
rate 0.09
C $ 148,227.912
Answer:
.increased capital
.increase in working population
Answer:
134
Explanation:
i divided 746.38 by 5.57 and thats your answer
