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Mandarinka [93]
3 years ago
10

Enerico contributes $100,000 cash in exchange for a 40% interest in the calendar year ABC LLC. This year, ABC generates $80,000

of ordinary taxable income. Enerico withdraws $10,000 cash from the partnership at the end of the tax year. a. Compute Enerico’s gross income from ABC’s ordinary income for the tax year. b. Compute Enerico’s gross income from the LLC’s cash distribution.

Business
1 answer:
Natasha_Volkova [10]3 years ago
3 0

Answer:

A)$32000.00

B)$4000

Explanation:

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Name the 6 Holland Codes:
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Answer:

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svetlana [45]

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The correct answer is inject cash into it.

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6 0
2 years ago
Which of the following is true about investors who buy preferred stock?
raketka [301]
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Suppose a small economy produces only two goods: books and shirts. The opportunity cost of 1 book is constant at 3 shirts. For e
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Books Shirts

4 0

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0 12

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8 0
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