Ken invested 200000 for a 30 interest in a partnership in

Assignment Help Accounting Basics
Reference no: EM13574342

Ken invested $200,000 for a 30% interest in a partnership in which he is a material participant. The partnership borrowed $250,000 from a bank and used the proceeds to acquire equipment. What is Ken's at-risk amount if the $250,000 was borrowed on a non-recourse loan? How could Ken's at-risk amount differ if the partnership's business involved a real estate development activity and the debt was secured by land the partnership owns?

Reference no: EM13574342

Questions Cloud

A firm has the ability to invest in a cost saving process : a firm has the ability to invest in a cost saving process that will save them 100000 per year for the next 25 years.
A company is contemplating the purchase of a new machine : the hilltop corporation is considering the replacement of an old machine that is currently being used. the old machine
American medical instruments produces a variety of medical : american medical instruments produces a variety of medical products at its plant in minneapolis. the company has sales
It anticipates that 30 percent of its customers will take : discount policy. stevens company presents the following informationcurrent annual credit sales24000000collection
Ken invested 200000 for a 30 interest in a partnership in : ken invested 200000 for a 30 interest in a partnership in which he is a material participant. the partnership borrowed
Explain why net operating working capital is included in a : explain why net operating working capital is included in a capital budgeting analysis and how it is recovered at the
The gross profit rate is 30 percent and the rate of return : sales campaign. jones corporation is considering a sales campaign in which it will offer credit terms of 315 net80.
Calculate sigmas and brians 2012 taxable income and total : several years ago brian formed sigma corporation a retail company that does not qualify for the u.s. production
Calculate reorder level minimum stock level maximum stock : calculate reorder level minimum stock level maximum stock level and average stock level from the following

Reviews

Write a Review

Accounting Basics Questions & Answers

  Tax consequences of the liquidation

In a liquidation subject to section 332, Rose distributies assets to Pheasant and Crystal in accordance with their ownership intersts. Discuss the tax consequences of the liquidation for Rose, Pheasant, and Crystal.

  Which rule requires that the seller be a merchant

Discuss the implied warranty of merchantability and the implied warranty for fitness for a particular purpose. Which rule requires that the seller be a merchant?

  What is the gain or loss on this retirement

A company has bonds outstanding with a par value of $400,000. The unamortized premium on these bonds is $2,000. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement?

  At the beginning of the year gonzales company had total

at the beginning of the year gonzales company had total assets of 882000 and total liabilities of 500000. answer the

  Evaluate cash debt coverage ratio

Prepare a statement of cash flows using the indirect method and compute these cash-based measures

  What is the amount of sj corporations loss

Jennie purchased 50 percent of the shares of SJ Corporation, a calendar year S corporation, for $7,000. She also guaranteed a corporate loan of $6,000. For 2011, SJ Corporation had an operating loss of $22,000. What is the amount of SJ Corporation..

  Suppose mindy simmons earned 75000 in 2010 using the table

below is a marginal tax table from 2010 for a single taxpayer in springfield waylan smithers. show all calculations and

  Roi and residual income-new product line

Compute the East Division's ROI for last year; also compute the ROI as it would appear if the new product line is added and compute the East Division's residual income for last year; also compute the residual income as it would appear if the new pro..

  Fields laboratories holds a valuable patent no 758-6002-1a

fields laboratories holds a valuable patent on a precipitator that prevents certain types of air pollution. fields does

  An individual and the distribution is treated as a dividend

What are the tax consequences to Checker and to Bailey if Bailey is an individual and the distribution is treated as a dividend?

  Determine the amount of compensation expense

How should Wesley determine the amount of compensation expense related to the compensatory stock options, if any, that should be recognized in its income statements for 2003, 2004, and 2005? Why?

  A village ordered supplies for its fire department at an

a village ordered supplies for its fire department at an estimated cost of 16700. the supplies were received with an

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!

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