subject
Business, 26.06.2020 16:01 bre644

Alyce owns a 30% interest in a continuing partnership. The partnership distributes a $35,000 year-end cash payment to Alyce. In a proportionate current (nonliquidating) distribution, the partnership also distributed property (basis of $20,000, fair market value of $30,000) to Alyce. Immediately before the distributions of cash and property, Alyce's basis in the partnership interest was $60,000. As a result of the distribution, Alyce recognizes:

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 22:40, ipcmeaganlatham
wilson's has 10,000 shares of common stock outstanding at a market price of $35 a share. the firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 102 percent of face value. the cost of equity is 11 percent while the preminustax cost of debt is 8 percent. the firm has a beta of 1.1 and a tax rate of 34 percent. what is wilson's weighted average cost of capital?
Answers: 3
image
Business, 22.06.2019 21:50, sippincoronas
Q3. loral corporation manufactures parts for an aircraft company. it uses a computerized numerical controlled (cnc) machining center to produce a specific part that has a design (nominal) target of 1.275 inches with tolerances of ± 0.020 inch. the cnc process that manufactures these parts has a mean of 1.285 inches and a standard deviation of 0.005 inch. compute the process capability ratio and process capability index, and comment on the overall capability of the process to meet the design specifications.
Answers: 1
image
Business, 22.06.2019 22:50, abolton04
What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage
Answers: 1
image
Business, 23.06.2019 00:30, danny123421
It's possible for a debt card transaction to bounce true or false
Answers: 1
You know the right answer?
Alyce owns a 30% interest in a continuing partnership. The partnership distributes a $35,000 year-en...

Questions in other subjects: