Wanda is a 20 percent owner of video associates, which is treated as a passthrough entity for federal income tax purposes. this year, wanda was allocated $45,000 of ordinary income from video associates, $1,000 of tax-exempt interest income, and $2,000 of nondeductible expenses. wanda also received a $10,000 distribution from video associates this year. at the beginning of the year, video associates had outstanding debt of $100,000. at the end of the year, the entity’s outstanding debts increased to $130,000. if video associates is a partnership, and her basis in her partnership interest at the beginning of the year is $30,000, determine wanda’s tax basis in her partnership interest at year-end. if video associates is an s corporation, and her basis in her s corporation stock at the beginning of the year is $10,000, determine wanda’s tax basis in her corporate stock at year-end.

Which organization was established to train the hard-core unemployed? - better business bureau- equal employment opportunity commission- environmental protection agency- affirmative action committee- national alliance of business

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?

Which analyst position analyzes information using mathematical models to business managers make decisions? -budget analyst -management analyst -credit analyst -operations research analyst