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ra1l [238]
3 years ago
5

Fact Pattern: Mr. Bonet, a one-third partner, had a $12,000 basis in his partnership interest. Mr. Bonet withdrew from the ABC P

artnership on January 1 of the current year when the partnership had the following balance sheet: Assets Basis FMV Cash $12,000 $12,000 Accounts receivable 0 30,000 Land 24,000 27,000 $36,000 $69,000 Equities Accounts payable $ 9,000 $ 9,000 Abbot, capital 9,000 20,000 Bonet, capital 9,000 20,000 Costell, capital 9,000 20,000 $36,000 $69,000 If Mr. Bonet received $20,000 cash in a liquidating distribution, what will he report as his gain or loss
Business
1 answer:
Andrei [34K]3 years ago
7 0

Answer:

gxjxhxnxj

Explanation:

ufkdkdjdjdjfxmfxnjfrjsnzfzxjc it fausdj

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What is financial literature​
Vanyuwa [196]
<h3>Hello there!</h3>

Your question asks what is financial literature.

<h3>Answer: Knowledge and skills that someone has in making good decisions with the financial sources that they have.</h3>

When you look at the word "financial literature", you can see that it has the word "financial" in it, so that means that it's going to be based off of finance.

Financial literature is knowledge and skills someone has in finance. What this means is that someone has knowledge on how finance works and know ways to stay financially stabled. The knowledge that someone could have is how money works, how to manage the money, and how to turn the money they already have into more money.

The knowledge that an individual could attain from financial literacy could help them in the long run, in which it's highly recommended to learn financial literacy, due to the fact that tons of people are going into debt because they don't know how to manage their finances.

To sum it up, people who know financial literacy would have a high chance in knowing how to manage their money and stay out of debt.

<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
8 0
3 years ago
Last year in Candamica, consumption expenditure was $20 billion, interest, rent, and profit were $2.5 billion, government expend
klio [65]

Answer:

a) $34 billion.

Explanation:

Total Expenditure=Y=C+I+G+NX

= 20+2+7+5

= 34

7 0
3 years ago
Read 2 more answers
________ is defined as a business strategy where business buyers prefer to buy a complete solution to a problem from a single se
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Answer: Systems selling

Explanation:

 The system selling is one of the type of business strategy that helps in understanding the selling process by sell he various types of products an the services in the market in the interrelated manner rather than independently.

According to the given question, the system selling is the concept in which the business deliver the goods by using the interlocking and also consolidating the products from the supplier.

 Therefore, System selling is the correct answer.

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3 years ago
A cost associated with renting would be:
attashe74 [19]
The correct answer is C. title insurance
5 0
3 years ago
Jason is a manager. His colleagues and subordinates look up to him as a man who always does the right things. Along with other s
dsp73

Answer: Level 4

Explanation: As and Effective Manager Jason was known to organises people and resources towards achieving set goals and objectives. This drive displayed is what separates true leaders from people who merely occupy leadership positions. haven shown his expertise as a good manager by helping those around him grow. The next step for him to take according to level 5 pyramid would be Level 4 ( Effective Leader)

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