Answer: A: $0.None of the members recognize gain because their debt relief was not in excess of their bases in their LLC interest prior to any debt relief.
B: $55,000
C: $285,000
D: $625,000 Albee, LLC takes a $135,000 carryover basis in the assets Kevan contributes and a $490,000 basis in the total cash the other two members contributed.
Explanation: check attached file
Answer:
quasi-strict scrutiny approach
Explanation:
Based on the information provided within the question it can be said that the approach most likely to be adopted for this case is quasi-strict scrutiny approach. This refers to a statutory classification that deals with gender or legitimacy. Which is exactly what this is case is in regards to, as they are filling a suit on the basis that they are being treated differently based on their gender.
Answer:
the resources used to create output.
Explanation:
Factors of production are the resources used to create output.
They include :
Land : land is all natural resources used in the production process.
Capital - Capital includes all man made resources used in the production process
Labor : all human effort expended in the production process
Entrepreneurship : organizes all other factors of production
