Answer: A: $0.None of the members recognize gain because their debt relief was not in excess of their bases in their LLC interest prior to any debt relief.
B: $55,000
C: $285,000
D: $625,000 Albee, LLC takes a $135,000 carryover basis in the assets Kevan contributes and a $490,000 basis in the total cash the other two members contributed.
Explanation: check attached file
Answer:
Why should financial education be taught in schools?
Financial literacy classes teach students the basics of money management: budgeting, saving, debt, investing, giving and more. That knowledge lays a foundation for students to build strong money habits early on and avoid many of the mistakes that lead to lifelong money struggles
Should financial literacy be taught in schools essay?
it empowers you with basic knowledge of investment options, financial markets, capital budgeting, etc. Understanding your money mitigates the danger of facing a fraud-like situation. ... Basic knowledge of financial literacy will help people with foreseeing the risks and argue/justify with anyone learned and well-informed
The answer to this question is Objective
In business terms, objective refers to a specific result/situation that company wants to achieve within a certain time frame, after considering all their available resources. In this particular case, the research being done is the resource and connecting advertising to actual dealership is the result/situation that they want to achieve.
Answer:
The correct option is C,due diligence
Explanation:
Due diligence involves a thorough examination and appraisal of a prospective business venture undertaken by a would-investor in order to determine the value of the target business and most importantly to substantiate the information provided by the current business owner such the prospective investor can decide whether or not the business is worth investing in.
Pedro has just carried a due diligence by committing an industry expert to examine closely the prospective business.
Answer:
b. She is in the controlling function because she is concerned with seeing that the right things happen at the right time.
Explanation:
The plan as seems is organized earlier and now the things to look after is that the plan is executed properly.
This is a step of controlling function.
Where Dionne is clearly working on the controlling part, which is about right things on the right time. So that there is no shortfall and the targets are achieved soon.Also with proper functioning she assures that the work is done properly, effectively and efficiently.
Thus, she is a part of controlling team.
