Answer:
true
Explanation:
Explanation: because it is.
Answer:
The client is insolvent since the client's liabilities exceed the fair market value of the client's assets by $20,000
Explanation:
Answer:
C) $40,000 inventory basis, $15,000 JM basis.
Explanation:
JM distributed $80,000 worth of inventory, since Marcella has a 50% partnership interest, then half of the inventory belongs to her, $40,000 (= $80,000 / 2).
Since Marcella also received $10,000 in cash from JM, then her remaining basis in the partnership is:
$65,000 - $40,000 - $10,000 = $15,000
Three of my financial goal is to save up 20% of my salary in the bank per month. This is a short term goal because the time frame is only after every month.
Then, save up money to start a business is somehow a long-term goal already since there are a lot of things to get through before finally reaching that goal.
Lastly, save up money for retirement. To be able to have a peaceful retirement life, one should prepare for it by not spending too much while still earning. This, of course, is a long-term goal.
Answer:the change is 8.97. I’m not sure what the second one is wanting?
