subject
Business, 28.12.2019 02:31 mxdv

Sue and andrew form sa general partnership. each person receives an equal interest in the newly created partnership. sue contributes $15,000 of cash and land with an fmv of $60,000. her basis in the land is $25,000. andrew contributes equipment with an fmv of $17,000 and a building with an fmv of $38,000. his basis in the equipment is $13,000, and his basis in the building is $25,000. how much gain must the sa general partnership recognize on the transfer of these assets from sue and andrew?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 20:30
Discuss ways that oracle could provide client customers with the ability to form better relationships with customers.
Answers: 3
question
Business, 23.06.2019 02:10
Make or buy eastside company incurs a total cost of $120,000 in producing 10,000 units of a component needed in the assembly of its major product. the component can be purchased from an outside supplier for $11 per unit. a related cost study indicates that the total cost of the component includes fixed costs equal to 50% of the variable costs involved. a. should eastside buy the component if it cannot otherwise use the released capacity? present your answer in the form of differential analysis. use negative sign represent a net disadvantage answer; otherwise do not use negative signs with your answers. cost from outside supplier $answer variable costs avoided by purchasing answer net advantage (disadvantage) to purchase alternative $answer b. what would be your answer to requirement (a) if the released capacity could be used in a project that would generate $50,000 of contribution margin? use negative sign represent a net disadvantage answer; otherwise do not use negative signs with your answers.
Answers: 2
question
Business, 23.06.2019 05:10
Lakota is buying a new laptop. he wants to use google as his main search engine. he should be sure which internet browser(s) are loaded on his computer?
Answers: 2
question
Business, 23.06.2019 07:00
Witch design elements is used to organize used to organize the text in orderly fashion?
Answers: 1
You know the right answer?
Sue and andrew form sa general partnership. each person receives an equal interest in the newly crea...
Questions
question
Mathematics, 28.08.2019 04:00
Questions on the website: 13722367