Answer:
He was the smartest kid in the class because he knew how to solve the hardest math problem on the worksheet.
Explanation:
Answer: $12,000
Explanation:
Given that,
Jessica is a 25% partner in the JRL Partnership
Cash received = $40,000
Jessica's partnership interest (basis) = $28,000
JRL has no hot assets or liabilities
Capital Gain on Distribution = Total Amount Received - Basis in Firm + Liability in Partnership
= $40,000 - $28,000 + $0
= $12,000
Therefore, $12,000 is the amount and character of Jessica's gain from the distribution.
Answer:
$11 per unit
Explanation:
Based on the information given the MINIMUM PRICE that Segment A SHOULD CHARGE Segment B will be $11 per unit reason been that we were told that segment A VARIABLE COSTS TO PRODUCE ONE UNIT is $11 per unit.
Therefore the MINIMUM PRICE that Segment A SHOULD CHARGE Segment B will be $11 per units.