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
posledela
3 years ago
14

Zelda owns a 60 percent general interest in YZ Partnership. At the beginning of 2018, the adjusted basis in her YZ interest was

$95,000. For 2018, YZ generated a $210,000 business loss, earned $14,600 dividend and interest income on its investments, and recognized a $6,200 capital gain. YZ made no distributions to its partners and had no debt.a. Compute Zelda’s adjusted basis in her YZ interest before loss deduction in 2018.
b. Compute Zelda’s adjusted basis in her YZ interest at the end of 2018.
Business
1 answer:
strojnjashka [21]3 years ago
5 0

Explanation:

Total loss the company did in was 210,000

Amount of loss going to Zelda's head would be

= (210,000) * 60%

= 126,000

Earnings share for Zelda in 2018

14,600 * 60% = 8760

6,200 * 60% = 3720

And 95,000

Zelda’s adjusted basis in her YZ interest before loss deduction  in 2018 would be

= 95,000 + 8760 + 3720

= 107,480.

Zelda’s adjusted basis in her YZ interest at the end of 2018 after loss deduction would be zero or nill

You might be interested in
A limit buy order is an order to buy if the stock price goes ___ a specified level; a stop buy is an order to buy if the stock p
Lelechka [254]

Answer:

YES

Explanation:

8 0
3 years ago
Which of these statements about cycle inventory is​ BEST? A. Cycle inventory exists to avoid customer service problems. B. Cycle
zavuch27 [327]

Answer:

<em>A. Cycle inventory exists to avoid customer service problems.</em>

<em></em>

Explanation:

Cycle inventory is the part of inventory kept by a supplier, that shows the amount of inventory available to satisfy demand. Cycle inventory allows the supplier to keep track of his available inventory so as to remove the problem of not meeting customers demand, which can led to loss of customers. And also to reduce the problem of over-storage that can lead to additional holding charge.

4 0
3 years ago
Suppose independent truckers operate in a perfectly competitive constant cost industry. If these firms are earning positive econ
Deffense [45]

Answer:

The price of trucking services would fall until equilibrium prices are reached. Only normal profit would be earned in the long run

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

8 0
3 years ago
Eight years ago, Bravo Company purchased land for $170, 000. The current fair market value of the land is $421,000. The rate of
victus00 [196]

Answer: $170,000

Explanation:

According to the historical cost concept, the original cost value of a asset (i.e. land) should be recorded in the books. The original cost refers to the cost of a asset at the time of purchasing. As per the principle of historical cost, assets are always recorded as a original cost or historical cost or acquisition cost.

But when a person sold the asset then he will consider the fair market value.

4 0
3 years ago
if gdp is $15 trillion, consumption is $9 trillion, government spending is $2 trillion, investment is $3 trillion, and exports a
Sveta_85 [38]

The imports of this country are around $2 trillion.

The GDP of a nation refers to the value of all the final goods and services produced in the country in that year. It is calculated by the formula:

<em>GDP = Consumption + Government Spending + Investment + Exports - Imports</em>

15 = 9 + 2 + 3 + 3 - Imports

15 = 17 - Imports

Imports + 15 = 17

Imports = 17 - 15

Imports = $2 Trillion

In conclusion, the imports are $2 Trillion

<em>Find out more at brainly.com/question/7555206.</em>

8 0
2 years ago
Other questions:
  • When the excess capacity of business expands unintentionally, aggregate: demand will increase supply will decrease?
    8·1 answer
  • Arnell Industries has $35 million in permanent debt outstanding. The firm will pay interest only on this debt. Arnell's marginal
    5·1 answer
  • True or false: gross domestic product (gdp) cannot be used to measure the economy’s income. true
    13·1 answer
  • What shows the quantities of products demanded at each price by all consumers in a market?
    5·2 answers
  • Suppose a stock had an initial price of $92 per share, paid a dividend of $2.30 per share during the year, and had an ending sha
    10·1 answer
  • An elderly relative offers to sell you their used 1958 Cadillac Eldorado for $54,000 You note that very similar cars are selling
    14·1 answer
  • ___________ is/are associated with collecting, storing, and distributing the product or service to buyers. They consist of wareh
    5·1 answer
  • McNeese is determining the staffing level for their credit union located within the university. The beginning of the fall semest
    5·1 answer
  • A marketing
    6·1 answer
  • I forgot my user name and password. Can u help me?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!