Answer:
$21000
Explanation:
To determine Gray’s tax basis for a 50% interest in the Fabco Partnership, The interest is increased by the partner’s distributive share of all partnership items of income and decreased by the partner’s distributive share of all loss and deduction items.
Gray’s beginning basis = $5,000
Gray’s 50% distributive share of ordinary income = 50% × $20000 = $10000
Gray’s 50% tax-exempt income= 50% × $8000 = $4,000 and
portfolio income = 50% × $4000 = $2,000
Therefore, the ending basis of Gray’s Fabco partnership interest = $5000 + $10000 + $4000 + $2000 = $21000
Answer:
B. $23,000
Explanation:
Recall that, assets are resources that an individual or an organization has which have future economic value that can be measured,
Thus,
Total current assets = Cash + account receivable + supplies + prepaid rents + inventories.
Therefore
Total current assets = 7000 + 6000 + 1000 + 4000 + 5000
= $23,000
Note: Land is not included in CURRENT asset. Land are longterm assets.
Answer:
Sequential interdependence on the line to pooled interdependence between the teams
Explanation:
Sequential interdependence occurs when a persons output is necessary for the performance of the next persons input. Perhaps the most obvious example of sequential interdependence is an assembly line.
While pooled interdependence he team accomplishes its tasks simply by bringing together everyone’s separate efforts. Like in DamierChrystern when the team work together to build the total car with the team deciding whi does what task. To be a team you need a team task — it requires that members actively work with each other to accomplish it
Answer:
oil plataform 450,000 debit
ARO liability oil Plataform 450,000 credit
Explanation:
We will recognize the ARO at fair value, and then recongize an interest expense each year to make his balance equal to 1,000,000
The ARO will be capitalized into the oil plataform long-term assets
and depreciate over the past of time.
Answer:
a researcher's decision that it is important to contact and question or observe all members of a target population.
Explanation:
A census is a procedure by which information about a given population is collected and recorded. The most common types of census are population census and housing census.
Census can be arranged for any purpose depending on the researcher's goals. It also helps in decision-making, for example when the government is planning a national program it will need information about the target population like number of people and their location.
