Answer:
$102,000
Explanation:
According to 26 US code Section 704(c) - Partner's distributive share :
Taxable gain to be recognized from sale = Sale value - ( Partner's share * Fair market value )
Brooke contributed the land, the gain realized before the land was contributed = $120,000 - $90,000 will be allocated entirely to her. She will also be allocated 40% of the gain after the contribution was made = ($150,000 - $120,000) x 40% = $30,000 x 40% = $12,000.
So the total gain recognized by Brooke will be $90,000 + $12,000 = $102,000.
Partnerships are pass through entities, the partners are taxed, not the partnership itself.
Based on the information given the formal event in which this is dome is :Product backlog refinement.
<h3>What is product backlog refinement?</h3>
Product backlog refinement can be defined as the process in which the development team tend to understand a product as well as how the product should be prioritize.
Product backlog refinement is important as it help to increase efficiency when planning for the next sprint and it as well help the development team to have full understanding of what the outcome of the product will be.
Inconclusion the formal event in which this is dome is :Product backlog refinement.
Learn more about Product backlog refinement here:brainly.com/question/4841869
The marginal benefit from the activity is equal to the marginal cost
Data Analysis - Process. Data Analysis is a process of collecting, transforming, cleaning, and modeling data with the goal of discovering the required information. The results so obtained are communicated, suggesting conclusions, and supporting decision-making.
Answer:
d. All of the above are true
Explanation:
According to my research on the GASB's definition of the financial reporting entity, I can say that based on the information provided by the GASB website, all of the above statements provided are true. They can consists of many components such as joint ventures or jointly governed organizations, governments can be general purpose governments or special-purpose governments, and Blending is used.
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