1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Helga [31]
3 years ago
14

An existing partner wants to contribute property having a basis less than its FMV for an additional interest in a partnership. a

. Should he contribute the property to the partnership
Business
1 answer:
tino4ka555 [31]3 years ago
8 0

Answer:

He should not contribute the property to the partnership.

Explanation:

There is an ensuing loss if the partner contributes the property to the partnership instead of a gain.  Partnerships recognize the basis of contributed capital.  They usually compare the fair market value with the book value to determine if a loss has been incurred or a gain made. However, the tax consequences of the contributed property will be allocated to the partner making the property contribution.

You might be interested in
A neighborhood recreation program serves a total of 280 children who are either 11 years old or 12 years old. the sum of the chi
Morgarella [4.7K]
<span>The total number of students = 280
  Sum of ages of children = 3238
   Let the number of children of ages 11 year old = x
   and the number of children of ages 12 year old = y
   Equation 1. x+y=280
   Equation 2. 11x + 12y = 3238
   From Equation1. y= 280-x
 Now, put the value of Y in equation 2 which gives 11x+12(280-x) = 3238
from this, 11x + 3360-12x = 3238
 x = 3360-3238
 x = 122 = children of age 11 years.
   putting value of x in equation 1,
 122+y = 280
 y = 280-122
 y =158 = children of age 12 years
   Answer. children of age 11 years =122</span>
3 0
3 years ago
Read 2 more answers
A leftward shift of the supply curve for oil in the united states is most likely to result from:
Pavlova-9 [17]

I guess the correct answer is An increase in the costs of exploration and drilling for oil

A leftward shift of the supply curve for oil in the United States is most likely to result from an increase in the costs of exploration and drilling for oil.

4 0
3 years ago
Harley signs a check payable to Pro Accountants, P.C., and gives it to Pro, leaving the amount blank but authorizing the firm to
Evgen [1.6K]

Answer:

The correct answer to the following question is option C) $15,000 .

Explanation:

Harley signed and gave a blank check to the Pro accountants , and giving them them the authority to fill the amount by themselves but she had already came to an agreement with Pro accountant that the amount they would fill is $10,000 . But Pro accountants didn't do that, instead they filled the check for $15,000 , and gave the check to valley bank , now the valley bank has the full authority to enforce the full $15000 amount .

4 0
3 years ago
Suppose that an economy produces 2,400 units of output, employing 60 units of input, and the price of the input is $30 per unit.
Vinil7 [7]

an economy produces 2,400 units of output, employing 60 units of input, and the price of the input is $30 per unit. the level of productivity in this economy is 40

<h3>What is productivity?</h3>
  • It is possible to study patterns in salary growth, wage levels, and technical advancement by further segmenting labor productivity.
  • Productivity increase is directly related to corporate earnings and shareholder returns.
  • Productivity is a measure of a company's production process efficiency at the corporate level.
  • It is calculated by comparing the number of units produced to employee labor hours or by comparing the company's net sales to employee labor hours.
  • Productivity is calculated as a company's output divided by the units utilized to produce that output.
  • In the workplace, productivity simply refers to how much "work" is completed in a given amount of time.

To learn more about productivity with the given link

brainly.com/question/23987161

#SPJ4

8 0
2 years ago
If you focus on the present now, instead of focusing on your future concerns, you will be able to __________.
dalvyx [7]
Answer:

D

Explanation:
4 0
3 years ago
Read 2 more answers
Other questions:
  • Big Canyon Enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and a p
    6·1 answer
  • GW Corp. has two shareholders; Devana owns 40 shares and another corporation, Alpine, Inc., owns another 60 shares. Devana is al
    15·1 answer
  • A young entrepreneur recently decided to expand his steel business into a small industrial town in Indiana. Which of the followi
    12·1 answer
  • ____________ are collective ideas about what is important, good, and desirable.
    5·2 answers
  • David, a sales representative, earns an extra $1000 every time he is able to sell $10,000 worth of merchandise in a week. In the
    12·2 answers
  • the lease on a new office requires an immediate payment of $24,000 (in year 0) plus $24,000 per year at the end of each of the n
    7·1 answer
  • What is one advantage of starting a business in hard times
    8·2 answers
  • Subject is Theatre
    14·1 answer
  • ______ management refers to the activities related to planning for, attracting, developing and retaining an effective workforce.
    14·2 answers
  • shanghai company sells glasses, fine china, and everyday dinnerware. it uses activity-based costing to determine the cost of the
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!