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
aliina [53]
3 years ago
5

Mark and Addison formed a partnership. Mark received a 25% interest in partnership capital and profits in exchange for land with

a basis of $40,000 and a fair market value of $60,000. Addison received a 75% interest in partnership capital and profits in exchange for $180,000 of cash. Three years after the contribution date, the land contributed by Mark is sold by the partnership to a third party for $76,000. How much taxable gain will Mark recognize from the sale
Business
1 answer:
nevsk [136]3 years ago
7 0

Answer:

$24,000

Explanation:

Calculation to determine How much taxable gain will Mark recognize from the sale

Mark allocated precontribution gain $20,000

($40,000-$60,000)

Add Post contribution gain $4,000

($60,000-$76,000*25%]

Taxable gain $24,000

($20,000+$4,000)

Therefore How much taxable gain will Mark recognize from the sale is $24,000

You might be interested in
In its first year of operations, Roger Company purchased trading securities at a total cost of $53,000. On December 31, the end
Alexeev081 [22]

Answer:

Investment in Trading Securities of $57,000

Explanation:

Based On the information given we were told that the FAIR MARKET VALUE of those investments totaled the amount of $57,000 which therefore means that As a result of these investments, Roger Company will report INVESTMENT IN TRADING SECURITIES of the amount of $57,000.

6 0
3 years ago
To join together against and have nothing to do with a person, business, nation, employer, or anything else in order to coerce o
solmaris [256]

Answer:

boycott.

Explanation:

Boycott -

It refers to the practice of intentionally not using or stop to using certain products of some specific company , country or person , is referred to as boycott .

The step is also considered to be the part of any protest against any social issue .

If the sme step is done on a national level , it is referred to as sanction .

Hence , from the given scenario of the question ,

The correct answer is boycott .

5 0
3 years ago
Define moral hazard.​
Tasya [4]

Answer:

Moral hazard is type of situation in where on person or party gets involved in a very risky event when knowing that it is protected against and the person or party, which will incur the cost. This can arise when both people or parties have a incomplete information about on another or each other.

7 0
3 years ago
The crowding-out effect works through interest rates to: 
A. Increase the effectiveness of expansionary fiscal policy
B. Decreas
neonofarm [45]

Answer: Option (B) is correct.

Explanation:

Suppose there is an increase in the government spending which means that it is a expansionary fiscal policy, this will also results in an increase in the government borrowings. Now, this increase in the government borrowings will increase demand for the loanable funds, as a result interest rate increases. This rise in the interest rate will lead to a reduction in investment spending.

Hence, the government spending crowding out the investment spending. Therefore, crowding out reduces the effect of expansionary fiscal policy.

5 0
4 years ago
A production process has six subsequent stages, each with their own specific resources and performing crucial tasks. Four of the
Anestetic [448]

Answer: Both stages with a capacity of 10 units per hour can be considered bottlenecks.

Explanation:

From the information given in the question, the best conclusion is that both stages with a capacity of 10 units per hour can be considered the bottlenecks.

It should be noted that the bottleneck in the chain of processes, is the one that has the limited capacity and this then reduces the capacity of the whole chain and slows down production.

4 0
3 years ago
Other questions:
  • Timothy will be going for a job interview for the first time. Despite preparing well for the interview, he still seems very nerv
    14·2 answers
  • 1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $8,400 and
    10·1 answer
  • Certain car companies offer performance cars at affordable prices, but in doing so they contribute to climate and environmental
    5·1 answer
  • Effective and efficient maintenance of records requires records management support personnel within______________.
    10·1 answer
  • Why has email communication grown so quickly as a business tool?
    14·2 answers
  • Common Stock is 2.5 million shares with a current price of $42 per share; the beta of the stock is 1.34; the standard deviation
    14·2 answers
  • Why would Africa need a solar cooker or oven?
    15·2 answers
  • What motivated people to travel in ancient times? Compare their reasons with the reasons of today’s travelers.
    12·1 answer
  • If a company decreases the variable expense per unit while increasing the total fixed expenses, the total expense line relative
    5·1 answer
  • You are involved in an Information Systems project. The project's scope has widened, but there is no change in cost, quality, an
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!