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Gnoma [55]
3 years ago
9

Gain is generally recognized in an asset distribution to a partner. True False

Business
1 answer:
8_murik_8 [283]3 years ago
5 0

Answer:

False

Explanation:

Usually distributions reduce a partner's outside basis in a partnership, they are generally not considered income. Since most distributions are not considered income, they do not result in gains for the partner. Some distributions may result in gains, such as certain cash distributions or securities (bonds) distributions. It is uncommon for a gain to result from  property being distributed.

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Karl and Leonard want to make trail mix. In order to get the right balance of ingredients for their tastes they bought 2 pounds
sladkih [1.3K]

Answer:

Cost per pound of the trail mix:       $

Raisins 2 pounds @ $3.95 each       = 7.90

Peanuts 3 pounds @ $2.08 each     = 6.24

Chocolate  5 pounds @ $3.25 each = 16.25

Total          10 pounds                            30.39

Cost per pound of the trail mix = $30.39/10 pounds

Cost per pound of the trail mix = $3.039 per pound

Explanation:

In this case, we need to determine the total cost of the trail mix, which is the quantity of each ingredient multiplied by price per ingredient. Then, we will calculate the cost per pound of the trail mix, which is the total cost divided by the total pounds of ingredients.

7 0
2 years ago
Bill and his wife, Vickie, want to start a company that develops training sessions for corporate clients. They would like to sha
faltersainse [42]
"Limited liability corporation" is the one among the following choices given in the question that <span>would suit their needs best. The correct option among all the options that are given in the question is the second option or option "B". I hope that this answer has actually come to your help.</span>
8 0
3 years ago
Read 2 more answers
Other data not yet recorded at December 31 include Insurance expired during the current year, $6. Wages payable, $4. Depreciatio
galina1969 [7]

Answer:

Using the adjusted balances, give the closing entry for the current year.

Explanation:

1  

Db Insurance expense  6000  

Cr Prepaid expenses           6000

 

2  

Db Wages payable 4000  

Cr Cash                                4000

 

3  

Db Depreciation expense 9000  

Cr Accumulate depreciation     9000

 

4  

Db Income tax expense 7000  

Cr Tax payable                      7000

3 0
3 years ago
Read 2 more answers
The business cycle is thea.predictable changes in economic activity due to changes in government spending and taxes.b.irregular
Nitella [24]

Option B

The business cycle is irregular fluctuations in economic activity.

<u>Explanation:</u>

The business cycle is the constant rise and decline of financial growth that transpires overhead time. A cycle is a valuable mechanism for probing the market. It can further assist you to perform more reliable monetary choices. The state administration handles the business cycle.

The business cycle depicts the germination and bankruptcy in the making yield of assets and services in a marketplace. Business cycles are usually estimated relating to the boom and recession in the actual entire domestic goods or modified for inflation.

4 0
2 years ago
ABC Co. has 165 million shares outstanding and expects earnings at the end of this year of $2.05 billion. ABC plans to pay out 4
frosja888 [35]

Answer:

Share price = $85.684

Explanation:

It is given that  ,Ke = cost of equity = 15% ,g = Growth = 9.2%%  and Dividend and Repurchase = 40%

Now we know that

PV = CF /(Ke- g)

PV = $2.05 billion*0.4 / (0.15-0.092) = 0.84 billion /0.058

=$14137931034.483

Share price = $14137931034.483 / 165000000 million

Share price = $85.684

8 0
3 years ago
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