Emma and Laine form the equal EL Partnership. Emma contributes cash of $100,000. Laine contributes property with an adjusted basis of $40,000 and a fair market value of $100,000

Explanation:

As given in the question

Emma and Laine form the equal EL Partnership.
Emma contributes cash of $100,000 in EL Partnership
Laine contributes property with an adjusted basis of $40,000

1)How much gain, if any, must Emma recognize on the transfer

Ans: Neither Emma nor Laine ,none of them recognize any gain.

2) What is Emma's basis in her partnership interest

Ans:Emma basis in her patnership interest is $100,000

3) What is Laine's basis in her partnership interest

Ans: Laine's basis in her partnership interest is $40000

4) What basis does the partnership take in the property transferred by Laine

Ans: $40,000

5 0

3 years ago

Which mall should the company choose if revenues are expected to be $6,000,000 per year?

blondinia [14]

It A hope this helps

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3 years ago

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Nora Damus reviews her forecasting triumphs and failures as part of her annual report to the Chief Operating Officer. She notes

Ahat [919]

Answer:

The answer is D) Nora has a positive tracking signal.

Explanation:

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2 years ago

Which of the following statements about fluctuating exchange rates and the related effects on companies competing in foreign mar

Elan Coil [88]

C. Companies that are manufacturing goods in a particular country and are exporting much of what they produce lose out when that country's currency grows weaker relative to the currencies of the countries that the goods are being exported to

Explanation:

Fluctuating exchange rates will cause companies that are manufacturing goods in a particular country and are exporting much of what they produce to lose out when that country's currency grows weaker relative to the currencies of the countries that the goods are being exported to.

If the currency of a country weakens compared to that of another country, the exchange power of such currency reduces.

It simply implies that more of the weak currency will have to be exchange for little of the stronger one.

In this context, comparison is drawn between exchange rates and companies in foreign markets.
For companies manufacturing their goods locally and exporting them, they have to pay more using their weak local currency to source for raw materials.
This will eventually tell on the cost of production of the goods.
To measure up, selling price of the exports will increase.
This can dissuade potential buyers from patronizing them in the foreign market. .
if they decide to keep selling at the previous price, loss can set in.

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3 years ago

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Human rights violations​

Human rights violations