Answer:
The land basis will be $8,000 and partnership basis will be $42,000.
Explanation:
The outside basis at the end of the year is $56,000.
The cash basis is $6,000.
The fair value of land is $14,000.
The land basis to RF is $8000.
The partnership basis will be
=Outside basis-cash basis-land basis
=$(56,000-6,000-8,000)
=$42,000.
So, the land basis will be $8,000 and partnership basis will be $42,000.
Answer:
Case explained below
Explanation:
Development economics is a branch of economics which deals with economic aspects of the development process in low income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, either through health, education and workplace conditions, whether through public or private channels.
Development economics must encompass the study of institutional, political, and social as well as economic mechanisms for modernizing an economy while eliminating absolute poverty and transforming states of mind as well as physical condition.
Answer:To allocate scarce goods and resources, a market economy uses non-price rationing preferential treatment price rationing . this means that individuals will get the goods and services if they have the ability to pay meet the government's requirements stand in line at the store.
Explanation: hope this helps u! (:
Answer:
Principal
Explanation:
A power of attorney (POA) is a legal document giving one person (the agent or attorney-in-fact) the power to act for another person (the principal).
<span>FALSE. You must carry insurance on motorcycles as well as cars. </span>
