User Account

All Pages

What is the character of the gain to the partners

Assignment Help Accounting Basics
Reference no: EM133028058

Question - Bevo Partnership had the following financial activity for the year: Gross receipts from sales $860,000

Cost of goods sold (390,000)

Operating expenses (180,000)

Business meals and entertainment (20,000)

Section 1231 gain on equipment sale 5,000

Distribution to partners (75,000)

Required - What is the character of the Section 1231 gain to the partners?

Reference no: EM133028058

Questions Cloud

Compliance manager for a healthcare organization : Say for instance you are the new COVID-19 HIPAA and OHSA compliance manager for a healthcare organization.
Calculate the present value of the operating cash flows : Depreciation, no change in any variable - The NZ$ unexpectedly depreciates from $0.7/NZ$ to $0.55/NZ$. Calculate the present value of the operating cash flows
Describe what objections are and why they are important : 1. The professional salesperson understands the importance of objections and therefore prepares for them:
Calculate outright quotes for bid and ask : Andreas Broszio just started as an analyst for Credit Suisse in Zurich, Calculate outright quotes for bid and ask, and the number of points spread between each
What is the character of the gain to the partners : Bevo Partnership had the following financial activity for the year: Gross receipts from sales $860,000. What is the character of the gain to the partners
What nominal rate compounded semi-annually : If RRSP contributions of $3430.02 at the end of every six months are projected to generate a plan worth $540,000. What nominal rate compounded semi-annually
Evaluate the change in productivity for aztec : Evaluate the change in productivity for Aztec using the new assembly process. (Round answer to 1 decimal place, e.g. 25.3%.)
What is the npv ofthe purchase : The new monitor would save $460,000 per year before taxes and operating costs. What is the NPV ofthe purchase
What are the hrm problems faced by hotel quarantine staff : What are the HRM problems faced by hotel quarantine staff and aged care organisations during covid-19? and what are the recommendations to overcome these issues

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