Jarrod and Smith formed Major Partnership as equal partners by contributing the assets below: Jarrod: Cash, adjusted basis $45,000, fair market value $45,000 Smith: Land, adjusted basis $30,000, fair market value $57,000 The land was held by Smith as a capital asset, subject to a $12,000 mortgage, that was assumed by Major. What was Smith's basis in the partnership interest upon formation of the partnership?

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Your team has identified the risks on the project and determined their risk score. the team is in the midst of determining what strategies to put in place should the risks occur. after some discussion, the team members have determined that the risk of losing their network administrator is a risk they'll just deal with if and when it occurs. although they think it's a possibility and the impact would be significant, they've decided to simply deal with it after the fact. which of the following is true regarding this question? a. this is a positive response strategy.b. this is a negative response strategy.c. this is a response strategy for either positive or negative risk known as contingency planning.d. this is a response strategy for either positive or negative risks known as passive acceptance.

Ineed this asap miguel's boss asks him to distribute information to the entire staff about a mandatory meeting. in 1–2 sentences, describe what miguel should do.