The Lexington Partnership has a depreciable business asset (personal property) that it originally purchased for $84,600. The asset now has an adjusted basis of $50,760 and a market value of $101,520. The partnership has no other potential hot assets. Ambroz sells his 25% interest in the partnership. How much ordinary income does Ambroz recognize when he sells this partnership interest

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Alarge tank is filled to capacity with 500 gallons of pure water. brine containing 2 pounds of salt per gallon is pumped into the tank at a rate of 5 gal/min. the well-mixed solution is pumped out at the same rate. find the number a(t) of pounds of salt in the tank at time t.