Answer: See explanation
Explanation:
a. What is Laurel’s initial tax basis in her LLC interest?
This will be the addition of the $250,000 basis for the equipment, accounts payable of $15,000 and also the $15,000 (15% × $100,000). This will be:
= $250,000 + $15,000 + $15,000
= $280,000
b. True.
Laurel’s holding period in the partnership interest begins the day the LLC interest is acquired. This is due to the fact that the asset contributed isn't a section 1232 asset. The reason for this is due to the fact that the asset was used for a year or less.
c. Sand Creek’s initial basis in the contributed property is $250,000.
d. Ten months.
Sand Creek’s holding period in the contributed property will be 10 months.
Answer:
The answer is "C"
Explanation:
Sell fewer products in bulk to outsell their rivals.
This will help the company swell their products bit by bit but in a more effective way reaching out to the end users(consumers).
The way that this policy is going to be known to affect the consumers budget line is that it would make the budget line flatter.
<h3>How does this policy affect the budget line?</h3>
First the formula for the intercept is given as
budget divided by the price of the good on their different axis.
The exemption of taxes is going to make the price of the good on x to fall. This would then raise the ability to afford it. The intercept then goes to the right. Hence it is flatter.
Read more on consumption models here:
brainly.com/question/15088059
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The authoritative body designated to promulgate standards concerning an accountant's association with unaudited financial statements of an entity that is not required to file financial statements with an agency regulating the issuance of the entity's securities is the: <u>accounting and review services committee</u>.
<u>Explanation</u>:
The Accounting and Review Services Committee is a committee that engages in reviewing or compiling the unaudited financial statement.
An unaudited financial statement is a document that is not submitted by an individual for verification and review process. The financial statement is said to be unaudited until they are reviewed and approved by a certified external auditor.
The accounting and review services committee are responsible for promulgating standards regarding accountant association. The auditor helps in reviewing the financial statement of the individual.
