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
Katen [24]
3 years ago
10

Problem 10-4 Partnership Formation (LO 10.2) Elaine's original basis in the Hornbeam Partnership was $40,000. Her share of the t

axable 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 1,000
Business
1 answer:
dexar [7]3 years ago
5 0

Answer:

$31,000

Explanation:

Calculation to determine Elaine's current basis in her partnership interest

Using this formula

Elaine's current basis= Value of original basis + (interest purchased - Cash received) + Tax exempt interest

Let plug in the formula

Elaine's current basis= $40,000 + ($70,000 - $80,000) + $1,000

Elaine's current basis= $40,000 - $10,000 + $1,000

Elaine's current basis= $31,000

Therefore Elaine's current basis in her partnership interest is $31,000

You might be interested in
The company town, in which a major employer builds homes and commercial buildings, and provides the goods and services needed by
yulyashka [42]

Answer:

A) True

Explanation:

Paternalistic social responsibility refers to acts whereby managers provide for the essential needs of the employees such as providing them with accommodation facilities along with satisfying other needs such as food.

Henri Ford was among the first initiators of such a responsibility when he provided health programs and recreational services to his employees.

Building town homes with provision for food by employer is an example of paternalistic social responsibility.

6 0
3 years ago
A sales manager at SFB Industries would like to import leads from a recent event. To ensure efficiency, she would like these to
Sauron [17]

Answer:

3) Create a lead assignment rule

Explanation:

Salesforce uses lead assignment rules to define which sales rep is responsible for generating and supporting a sales lead (potential sale). Each organization is responsible for setting up the specific criteria used to assign sales leads. By using assignment rules this process can be automated.

For example, your lead assignment rule may be based on territory or sales status.

3 0
3 years ago
What factors are important in predicting change in price?
OLEGan [10]
Demand for the product,the season the product is in or if its outdated
4 0
3 years ago
During which stages of the distribution channel do logistics functions take place?
valkas [14]

Answer:

d

Explanation:

4 0
3 years ago
The table below contains data for the country of batterland, which produces only waffles and pancakes. the base year is 2013 . p
ArbitrLikvidat [17]

Firstly, you should calculate the prices of your market basket, which basically means multiply all the goods with their prices and then add them together in their respective years. This would give you $260, $440, $690 and $1200 in the years 2010 to 2013 respectively. (follow along by noting everything down)

We see that the base year is 2013, therefore if we want to calculate the inflation rate from 2010 to 2011, we have to calculate their price indices. We do this by dividing the maket basket of our chosen years by the market basket of the base year, therefore the price index of 2010 is $260/$1200, giving us 21.6. The price index of 2011 would be $440/$1200, giving us 36.6. To calculate the inflation rate, you find the difference between your two price indices and divide it by the former year, which would be 36.6 - 21.6 / 21.6 x 100, giving us the inflation rate of 69.2%.

5 0
2 years ago
Other questions:
  • A bag contains 10 marbles: 6 are green, 2 are red, and 2 are blue. Frank chooses a marble at random, and without putting it back
    14·2 answers
  • You have been running a landscaping business called Trim Grass for about two years. You have developed a special blend of grass
    9·1 answer
  • There are arguments for and against the alternative exchange rate regimes. a) List the advantages of the flexible exchange rate
    5·1 answer
  • You have just purchased a share of preferred stock for $50.00. The preferred stock pays an annual dividend of $5.00 per share fo
    8·1 answer
  • Laura's boss, Erik, constantly uses sexually explicit language while communicating with his female subordinates. Though many fem
    5·1 answer
  • Suppose that when the price of a 16 oz. to-go cup of gourmet coffee is $4.25, students purchase 750 cups per day. if the price d
    9·1 answer
  • What are the 4 questions to ask when you analyze a transaction into Debits & Credits
    14·1 answer
  • Freee brainly pointssssssssssssssssssssssssssssssssssssss yayayayayayayayayayayayayayayayay wowowowowowowowowowowowowowowowowowo
    7·2 answers
  • All of the following are reasons why some countries are more efficient than others at using capital and labor, except:
    9·1 answer
  • Foundation for motivation
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!