1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xxMikexx [17]
2 years ago
6

Tyson is a 25% partner in the KT Partnership. On January 1, KT distributes $16,000 cash, inventory with a $16,000 fair value (in

side basis $8,000), and land with a fair value of $8,000 (inside basis of $12,000) to Tyson. KT has no liabilities at the date of the distribution. Tyson's basis in KT is $24,000.
What is Tyson's basis in the distributed inventory and land?


A) $8,000 inventory, $12,000 land


B) $16,000 inventory, $8,000 land


C) $0 inventory, $8,000 land


D) $8,000 inventory, $0 land
Business
1 answer:
Marianna [84]2 years ago
4 0

Answer:

D) $8,000 inventory, $0 land

Explanation:

Tyson's basis in the distributed inventory and land will be $8,000 inventory, $0 land

Because he initially first allocates his outside basis to the assets distributed which is in an amount that is equal to KT's basis which is ($20,000 cash and $8,000 land).

Therefore this results in a required decrease of $0 due to the basis he reduces in the land by the required decrease, which thereby results in a basis of $0 to the land.

You might be interested in
Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1912. It
Fittoniya [83]

Answer:

FV= $159,840.60

Explanation:

Giving the following information:

Initial investment= $1,000

Number of years= 2016 - 1912= 104

Interest rate= 5%

<u>To calculate the value of the investment today, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 1,000*(1.05^104)

FV= $159,840.60

6 0
3 years ago
Imagine you are planning how to set up your new business office. What types of technology and equipment might be needed? Why mig
erica [24]

The types of technology and equipment needed in a commercial office can be cybersecurity software as well as customer relationship management (CRM) systems that assist in collecting, analyzing and organizing the information of your customer base.

It is essential for an entrepreneur to understand some terms related to information technology to generate greater compliance, security and reliability in organizational processes.

<h3 /><h3>Hypertext</h3>

It corresponds to non-sequential and non-linear electronic writing, which is added to other information such as words, blocks of texts, images or sounds.

<h3>URL (or link)</h3>

Its acronym stands for Uniform Resource Locator, which corresponds to the address of a resource available on a given network.

<h3 /><h3>Internet Service Provider</h3>

It is a commercial or non-profit entity that offers internet access and use services.

<h3>Bulletin Board Service</h3>

It is a software that allows the connection via telephone of a computer system for interaction, as well as the internet.

<h3 /><h3>Electronic Storefront</h3>

Corresponds to the hosting of e-commerce sites, that is, sites used to advertise and sell products and services, managing online transactions.

<h3 /><h3>Newsgroups</h3>

Forums in which it is possible to share opinions on different subjects, with people who share the same interests.

<h3>Flames</h3>

It is a type of modular malware that attacks computers and can spread to other systems through LAN and USB memories, generating data and documents steals.

Therefore, it is essential that every entrepreneur understands basic principles of automation to achieve greater security, availability of information and speed in their processes.

Find out more information about technology here:

brainly.com/question/1757772

8 0
2 years ago
In the Shaping Department of Vaughn Company the unit materials cost is $6.00 and the unit conversion cost is $2.00. The departme
Oksanka [162]

Answer: $31200

Explanation:

Based on the information given in the question, the total cost to be assigned to the ending work in process will be:

Material cost = 4800 × $6 = $28800

Conversion cost = 4800 × 25% × $2 = $2400

Therefore, the total cost to be assigned to the ending work in process will be:

= $28800 + $2400

= $31200

5 0
2 years ago
Baxter Company produces​ children's wiffle ball sets using a threeminusstep sequential process that includes​ molding, coloring
anyanavicka [17]

Answer:

C) WIP InventoryWIP Inventory-Finishing

Explanation:

Cost of WIP is transferred through Molding to Coloring to the last process of the production finishing. After completing the finishing the balls are ready and the cost is transferred from WIP InventoryWIP Inventory-Finishing to Finished goods Inventory. So, the correct answer is C) WIP InventoryWIP Inventory-Finishing.

5 0
3 years ago
Information and communication technologies are developing at a very fast rate. How have these technologies affected globalizatio
Radda [10]

Answer:

bokunopico yesyedyee

5 0
3 years ago
Other questions:
  • What do points do in Brainly?<br> Can you earn anything with them?
    8·2 answers
  • Luxe Labels, LLC, exports specialty printing equipment for the custom labeling, flexible packaging, and carton industry. Thanks
    15·1 answer
  • The holder of a $1,000 face value bond can exchange the bond any time for 25 shares of stock. Then the conversion ratio:
    9·1 answer
  • It is quite clear that Jean-Baptiste Colbert, Louis XIV’s chief accountant, was instrumental in bringing back the financial glor
    10·1 answer
  • In the market for​ jeans, which of the following events increases the demand for a pair of​ jeans? A. The price of denim cloth f
    10·1 answer
  • Heinrich is a manufacturing engineer with the Miller Company. He has determined the costs of producing a new product to be as fo
    14·1 answer
  • What do banks do with most of their customers deposits
    15·1 answer
  • Which of the following is not a determinant of a consumer's demand for a commodity?
    12·1 answer
  • Services marketing differs from that of tangible goods, and many firms have adopted a strategy to Blank______.
    9·1 answer
  • Last year, baldwin corp paid their workers $26. 81 per hour. how much will they be paying them 2 rounds from then?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!