5. What is one benefit of having a career as opposed to a job?

Mia has an outside basis of $50,000 in the Brimstone Partnership, including her share of liabilities of $25,000. In a liquidatin

finlep [7]

Answer:

$0 gain or loss

Cash basis $10,000

Inventory $15,000

Explanation:

Calculation for Mia’s recognized gain or loss on the liquidation and basis in the property received

First step is for us to calculate for the outside adjusted basis

Using this formula

Outside adjusted basis=Outside basis - Liabilities

Let plug in the formula

Outside adjusted basis=$50,000 - $25,000

Outside adjusted basis= $25,000

Second step is to calculate for theGain or loss

Using this formula

Gain/Loss=Outside adjusted basis- Cash received - Inside basis

Let plug in the formula

Gain/Loss =$25,000 -$10,000 -$20,000

Gain/Loss = ($5,000)

Based on the above calculation for Mia Gain/loss in which Mia had ($5,000) this means there is $0 gain or loss

Third step is to calculate for the Inventory

Using this formula

Inventory = Cash + Gain/Loss

Let plug in the formula

Inventory =$10,000 + $5,000

Inventory = $15,000

In summary Mai will have $0 gain or loss, the Cash basis amount will be $10,000 while the Inventory amount will be $15,000

5 0

4 years ago

A management system that coordinates and integrates all of the activities performed by member companies into a seamless process,

ella [17]

Answer:

Supply Chain Management

4 0

4 years ago

Read 2 more answers

What's one thing you should watch out for when driving on country roads or residential streets?

Roman55 [17]

Answer: The one thing that should always be watched for when driving on a country road or residential street is; Driveways and/or other roads that are obscured by trees or bushes. This is dangerous because a car can be pulling out/backing out onto the street and you could have an accident because they were not seen in time. Someone could just walk out from the road or driveway because their view was also obstructed as yours is and an accident could occur. Always stay aware of your surroundings and especially by trees and tall bushes at homes or roadways.

8 0

3 years ago

Read 2 more answers

On January 1, 20X6, Plus Corporation acquired 90 percent of Side Corporation for $180,000 cash. Side reported net income of $30,

KonstantinChe [14]

Answer:

Explanation:

Plus corporation acquired 90% of Side Corporation for $180,000 cash.

Net income = $30,000

Dividend for 3 years = $10,000

Common stock outstanding = $100,000

Retained earnings = $60,000

Fair value = $20,000

Book value of land = $30,000

Market value of land = $35,000

Book value of equipment = $50,000

Market value of equipment = $60,000

Required:

Find the increase in the fair value of patents held by Side Corporation.

To find the increase in the fair value of patents, use:

Increase in fair value = Fair value of corporation - Total value without patent.

Where

Fair value = $180,000 + $20,000 = $200,000

Total value without patent = common stoc(100,000) + retained earnings(60,000) + equipment adjustment($60,000 - $50,000 = $10,000) + land adjustment($35,000 - $30,000= $5,000) =

$100,000 + $60,000 + $10,000 + $5,000 = $175,000

Therefore,

Increase = Fair value of corporation($200,000) - Total value without patent($175,000) = $25,000

The increase in the fair value of patents held by Side Corporation is $25,000

7 0

3 years ago

Compared to mass media advertising, a key advantage of direct marketing is that

Trava [24]

<span>IT ALLOWS FOR PERSONALIZATION OF THE MESSAGE. The use of mass media advertising is attempting to reach out to everybody in the hopes that some people will be interested enough to reply to the offer or pursue additional information. There may only be one person out of a thousand that actually respond or follow up for additional information. On the other hand, direct marketing uses a specific customer base to market to thus allowing for a better connection to that person and in turn, increasing the chance that the person they are attempting to reach will actually follow up for additional information or buy whatever product is being pushed. Databases of a person's interests are created and a person's interests are what drives the marketing to that population. For example, it would be more effective to send out a debt consolidation program insert to somebody that they know has a lot of debt rather than appealing to the masses with the hopes that something sticks.</span>

5 0

3 years ago