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Simora [160]
3 years ago
6

vProblem 10-4 Partnership Formation (LO 10.2) Elaine's original basis in the Hornbeam Partnership was $40,000. Her share of the

taxable income from the partnership since she purchased the interest has been $70,000, and Elaine has received $80,000 in cash distributions from the partnership. Elaine did not recognize any gains as a result of the distributions. In the current year, Hornbeam also allocated $1,000 of tax-exempt interest to Elaine. Calculate Elaine's current basis in her partnership interest. $fill in the blank 1
Business
1 answer:
Alex3 years ago
7 0

Answer: $31000

Explanation:

Elaine's current basis in her partnership interest will be calculated as:

= Value of original basis + (interest purchased - Cash received) + tax exempt interest

= $40000 + ($70000 - $80000) + $1000

= $40000 - $10000 + $1000

= $31000

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This kind of malware attack is known as ransomware.

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vlada-n [284]
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3 years ago
Brickhouse is expected to pay a dividend of $3.15 and $2.46 over the next two years, respectively. After that, the company is ex
fenix001 [56]

Answer: $32.70

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According to the dividend discount model, the value of the stock today is the present value of the dividends to be paid plus the present value of the value of the dividend from when the company starts maintaining a stable growth rate which in this question in year 2.

= (Year 1 Dividend / ( 1 + r)) + (Year 2 Dividend / ( 1 + r)²) + (value at year 2 / ( r - g))

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= 2.83 + 1.99 + 27.88

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