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viktelen [127]
3 years ago
7

Hilary had an outside basis in LTL General Partnership of $10,000 at the beginning of the year. LTL reported the following items

on Hilary's K-1 for the year: ordinary business income of $5,000, a $10,000 reduction in Hilary's share of partnership debt, a cash distribution of $20,000, and tax-exempt income of $3,000. What is Hilary's adjusted basis at the end of the year
Business
1 answer:
topjm [15]3 years ago
3 0

Answer:

Hilary's adjusted basis at the end of the year $0

Explanation:

Hillary's base in general business income and tax-free income grows and then deducts . He understood the cash flow from his original cash disbursement and partnership debt reduction.  Hillary must report a capital gain of $ 12,000 on a zero interest basis in her partnership interest, since his actual and perceived cash distribution exceeds his base after raising it through a positive adjustment for the year.

$10,000 + $5,000 - $3,000 - $10,000 - $2,000  = 0

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When choosing a career, having set goals is the most important consideration.<br> true or false​
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Answer:

yes of course

Explanation:

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issued callable bonds. The bonds are most likely to be called if A. Allstate Insurance needs additional financing. B. Allstate I
sweet-ann [11.9K]

Answer:

D. interest rates decrease.

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As the callable bond allows the bond holder to call these bonds when they require or after a specific period of time or on a condition attached. The Decrease in Interest rate will increase the value of the bond because decrease in the interest rate will increase the present value of the future cash flows associated with the bond. So, the Allstate Insurance takes the benefit of increase in the value of the bond.

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3 years ago
An individual works in a small manufacturing business with fewer than 100 employees. The company does not offer a retirement pla
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Answer:

Traditional IRA

Explanation:

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The traditional IRA will be the best option for this person because of the ease of enrollment and freedom from taxes on transactions.

7 0
3 years ago
Flo's Flowers has annual sales of $61,888, depreciation of $8,100, interest paid of $970, cost of goods sold of $29,400, taxes o
nikdorinn [45]

Answer:

0.1495 or 14.95

Explanation:

Net income = $61,888−$29,400

−8,100 −950 -$4,918

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= Retention ratio = ($18,520−$4,810)/$18,520

Retention ratio = 0.74

Internal growth rate = [($18,520/$105,300)(.74)]/{1 −[($18,520/$105,300)(.74)]}

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Answer:

it is b

Explanation:

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