Partner a of the equal general abcd partnership contributes property (fmv = $200,000, basis = $20,000, associated liability = $120,000), to the partnership. a’s basis in her partnership interest before the contribution (including a’s share of partnership liabilities) is $30,000, and the partnership has liabilities of $80,000. the other partners also contribute property, so a’s interest in the partnership does not change. what is a’s gain or loss, if any, on the contribution, and what is a’s basis in the partnership after the contribution?

Employers hiring for entry-level positions in hospitality and tourism expect workers to

The market yield on spice grills' bonds is 15%, and the firm's marginal tax rate is 33%. what is their shareholders' required return if the equity risk premium is 4%?

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.