subject
Business, 18.10.2019 03:30 jonathanmagana112002

Molly is a 30% partner in the map partnership. during the current tax year, the partnership reported ordinary income of $200,000 before payment of guaranteed payments and distributions to partners. the partnership made an ordinary cash distribution of $20,000 to molly, and paid guaranteed payments to partners molly, amber, and pat of $20,000 each ($60,000 total guaranteed payments). how much will molly’s adjusted gross income increase as a result of the above items? a. $42,000 b. $60,000 c. $62,000 d. $80,000

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 18:30, tfhdg
Following is stanley black & decker’s income statement for 2016 (in millions): stanley black & decker, inc. income statement for the year ended december 31, 2016 ($ millions) sales $11,406.9 cost of goods sold 7,139.7 gross profit $ 4,267.2 selling, general and administrative expenses 2,602.0 other operating expenses 268.2 operating income 1,397.0 interest and other nonoperating expenses 171.3 income before income tax 1,225.7 income tax expense 261.2 net income $ 964.5 compute stanley black & decker’s gross profit margin.
Answers: 1
image
Business, 22.06.2019 10:30, pierrezonra
What are the positive environmental trends seen today? many industries are taking measures to reduce the use( _gold, carbon dioxide, ozone_) of -depleting substances and are turning to(_scarce, renewable, non-recyclable_) energy sources though they may seem expensive. choose one of those 3 option to fill the
Answers: 3
image
Business, 22.06.2019 20:00, jakepeavy70
Question 6 of 102 pointswhich situation shows a constant rate of change? oa. the number of tickets sold compared with the number of minutesbefore a football gameob. the height of a bird over timeoc. the cost of a bunch of grapes compared with its weightod. the outside temperature compared with the time of day
Answers: 1
image
Business, 23.06.2019 12:40, youngchapo813p8d9u1
On january 1, a company issued and sold a $398,000, 6%, 10-year bond payable, and received proceeds of $393,000. interest is payable each june 30 and december 31. the company uses the straight-line method to amortize the discount. the journal entry to record the first interest payment is:
Answers: 2
You know the right answer?
Molly is a 30% partner in the map partnership. during the current tax year, the partnership reported...

Questions in other subjects:

Konu
Mathematics, 20.05.2021 18:00
Konu
Social Studies, 20.05.2021 18:00
Konu
Mathematics, 20.05.2021 18:00
Konu
Mathematics, 20.05.2021 18:00