Beech corp., an accrual-basis, calendar-year s corporation, has been an s corporation since its inception. at the beginning of the current year, gold owned 50% of the 100 issued shares of beech stock, and had a $3,000 tax basis in the beech stock. during the current year, beech had $200,000 in net business income and $4,000 in oak county municipal bond interest income. beech made no distributions to its shareholders. what was gold’s tax basis in beech stock at year end?

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25

Asap! the following information is given for tripp company which uses the indirect method.