Answer:
correct option is $16,000
Explanation:
given data
basis = $30,000
fair market value = $200,000
liability = $16,000
current E&P = $30,000
to find out
Puffin's E&P after taking into account the distribution
solution
we know that E and P will decrease by higher of the adjusted basis and fair market value of the distributed property
so distribution loss is not taken into consideration to find out E and P
and we have given current E & P of Puffin is = $30,000 that is reduce to
reduce = basis - liability
reduce = $30000 - $16000 = $14000
so after distribution current E & P remaining will be $16000
so correct option is $16,000
Answer:
Crane Inc.
The ending inventory at cost using the conventional retail method is:
= $23,426.
Explanation:
a) Data and Calculations:
Cost Retail
Beginning inventory $12,000 $19,600
Net purchases 105,056 159,600
Net markups 9,600
Goods available $126,656 $188,800
Ratio of cost to retail price = 67% ($126,656/$188,800)
Cost of goods sold 107,602 ($160,600 * 67%)
Ending inventory $23,426
Answer:
What was the answer from the previous question?
Explanation:
This is an example of a(n) proactive strategy
<h3><u>
Explanation:</u></h3>
Proactive Strategies are interferences that are practiced on a continuous foundation to reduce the possibility of the existence of stimulating behavior. They are preventative and normally deal with the stipulations that introduce the behavior. The purpose of Proactive Strategies is to lessen the inevitable likelihood of a behavior.
Usual high technology business executives require to become a more proactive strategy to deal with the quickly altering marketplace for their company's goods. A proposal to a business condition that suggests assuming market and competition modifications in the progress of their exact circumstance and composing suitable organizational variations in response.
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