User Account

All Pages

How much is the general partners basis in the partnership

Assignment Help Accounting Basics
Reference no: EM132138480

Question - An individual received 70% capital interest in a general partnership by contributing investment land purchased 10 years ago for 40000 value 60000 and a personal non business truck purchased 9 months ago for 12000 valued at 10000. The partnership obtains 50000 nonrecourse mortgage loan on the land. How much is the general partners basis in the partnership after contribution and loan?

85000

87000

10000 or

102000

Reference no: EM132138480

Questions Cloud

Effectiveness of group depended lot on group contribution : The effectiveness of the group depended a lot on the group contribution, participation and our group’s leader role.
Estimate the reliability and validity of need for cognition : For this exercise, your task is to estimate the reliability and validity of a measure of Need for Cognition (nCog; Cacioppo & Petty, 1982; Cacioppo).
Prepare the journal entry to record the exchange : Pharoah Company traded a used welding machine (cost $10,260, accumulated depreciation $3,420) - Prepare the journal entry to record the exchange
Critical evaluation making effective use of evidence : Critically analyse statement using Amazon as your case study organisation - You should aim to show whether customer voice drives strategic marketing decisions
How much is the general partners basis in the partnership : The partnership obtains 50000 nonrecourse mortgage loan on the land. How much is the general partners basis in the partnership after contribution and loan
Describe operant conditioning in detail : To prepare for this discussion, please read Chapter 5 of your textbook. In addition, watch Classical and Operant Conditioning.
Research on your company in order to complete the analysis : BUS 480.01HY : Research on your company in order to complete the analysis. Describe the case facts and background.
How the anxiety was experienced mentally and physically : How much anxiety did you feel just prior to a typical competition when you were an athlete? How did you experience your anxiety both mentally and physically?
Can leaders really motivate employees : A successful organization is an organization that knows how to take advantage of the efficiency and effectiveness of its staff.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd