Fran and Robert own 40% and 60%, respectively, of the RF Partnership. Fran is the general partner and Robert is a limited partner. Fran works full-time in the business. Robert is basically an investor in the firm and works full-time at another job. He has no other income except his salary from his employer. During the current year, the partnership reports the following gain and loss:

Ordinary loss $140,000
Long-term capital gain $20,000

Before including the current year's gain and loss, Fran and Robert had $46,000 and $75,000 bases for their partnership interests, respectively. The partnership has no nonrecouse liabilities. Tom has no further obligation to make any additional investment in the partnership.

Required:
What gain or loss should each partner report on his or her individual tax return?

Kinda moderates the comments section of an online travel magazine.which type of comments should linda flag or delete as inappropriate content

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

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