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tensa zangetsu [6.8K]
3 years ago
10

Martha is a 50% partner in the am partnership and has an outside basis of $112,000 at the end of the year prior to any distribut

ions. on december 31, martha receives a proportionate operating distribution of $40,000 cash. what is the amount and character of martha's recognized gain or loss and what is her basis in her partnership interest?
Business
1 answer:
poizon [28]3 years ago
3 0

Answer:

0 gain ; 72,000 basis

Explanation:

Given that

Outside basis at the end of the year = $112,000

Received a proportionate operating distribution in cash for $40,000

So by considering the above information, the amount of gain or loss is zero as she does not recognized in the distribution and her basis in her partnership interest is the remaining amount i.e

= $112,000 - $40,000

= $72,000

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Answer:

A. Histogram

Explanation:

Histogram is nothing but the diagram formed of rectangles in a graphical form representing the distribution of numerical data. The strength of histogram is that the picture of location and variation of data set can be read easily as the individual data are grouped together to give clear picture of occurrence of frequency data in each class in the data set.

4 0
3 years ago
Read 2 more answers
An interior decorator has moved his business from Los Angeles to St. Paul, Minnesota, because his spouse's company transferred h
kifflom [539]

Answer:

The correct answer is option a.

Explanation:

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The customers in St. Paul have a different taste from the customers that he catered to in Los Angeles. The consumer tastes and preferences may differ from place to place according to the climatic conditions, social status, cultures, etc.

The problem with the decorator is that he does not understands that customer needs are not right or wrong, good or bad. It is not right or wrong if the customers in Minnesota have a different preference from customers in Los Angeles.

6 0
3 years ago
d (i). Suppose that ZX Inc. is currently selling at $50 per share. You buy 200 shares, using $5,000 of your own money and borrow
strojnjashka [21]

Answer:

-21%

Explanation:

Initial share price = $50

Share price after 1 year = $46

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8 0
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​ There has been a data breach at your business and the business has lost some customer data. It has led to angry customers who
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pochemuha

Answer: $22,200.72

Explanation:

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