Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Liquidating distribution: Marinda is a one third partner in the MWH Partnership before she reveives $100,000 cash as a liquidating distribution. Immediately before Marinda receives the distribution, the partnership has the following assets:
Assets Partnership’s Basis FMV Cash $100,000 $100,000 Marketable securities 50,000 90,000 Investment land 90,000 140,000 Total $330,000 $240,000 At the time of the distribution, the partnership has $30,000 of outstanding liabilities, which the three partners share equally. Marinda’s basis in her partnership interest before the distribution was $80,000, which includes her share of liabilities. What are the amount and character of the gain or loss recognized by Marinda and the MWH Partnership on the Liquidating distribution?
Compute the annual depreciation and carrying value for the new crane for each of the six years (round to the nearest dollar where necessary) under the double declining method. Round all intermediate percentage calculations to two decimal places.
A company has current assets of $607,500 and current liabilities of $262,700. The board of directors declares a cash dividend of $167,000. What is the current ratio after the declaration but before payment?
One would like to minimize the weekly payroll (one can assume that each employee works 8 hours per day). Illustrate what is the optimal solution to this problem?
For a monthly volume of 300 tables, determine the total cost, total revenue, and profit and calculate the monthly break-even volume for the Willow Furniture Company.
Mary is self-employed for 2010. Mary estimated her required annual estimated tax payment for 2010 to be $4000. Mary had a $500 overpayment of last year's taxes, which she will apply against her first quarterly estimated payment. How much should Ma..
Evaluate a company's annual financing cost of this commercial paper financing
Prepare the journal entries to record the estimated warranty costs and (b) the actual costs incurred and Preparation of journal entries to record
Determine the net impact on Mosby's 2008 income as a result of this fair value hedge of a firm commitment Compute the net increase or decrease in cash flow from having bought the foreign currency option to hedge this exposure to foreign exchange ri..
Determine the ending balance of unadjusted the trial and what is the ending balance of the cash account
From an accountant’s perspective, separation of duties is self-explanatory. Explain how do small companies that have minimal accounting staff deal with this issue? Explain how might you, as owner of a small business, ensure the integrity of your f..
If Utah paid $300,000 in cash for Trimmer, what allocation should have been assigned to the subsidiary's Building account and its Equipment account in a December 31, 2011 consolidation?
Its’ annual lease payment is $15,000. What is amount of interest expense from this lease? First Year $ Second Year $
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd