Reference no: EM13145816
The December 31, 2010, balance sheet of the DIP General Partnership is as follows:
Cash $180,000 $180,000
Receivables 0 60,000
Capital assets 90,000 120,000
Total $270,000 $360,000
Dana, capital $90,000 $120,000
Ivan, capital $90,000 120,000
Patty, capital $90,000 120,000
Total $270,000 $360,000
The partners share equally in partnership capital, income, gain, loss, deduction, and credit and capital is not a material income-producing factor. On December 31, 2010, general partner Dana receives a distribution of $120,000 cash in liquidation of her interest under § 736. Dana's outside basis for the partnership interest immediately before the distribution is $90,000. How much Dana's distribution, if any, is considered ordinary income, return of capital and capital gain.
|
Explain what mass of calcium can be produced
: What mass of calcium can be produced by this process if a current of 7300A is applied for 46h ? Assume that the electrolytic cell is 75% efficient.
|
|
How will warning labels improve health
: Topic-Remember, this question is not asking “how will warning labels improve health”? This question is also not asking “will warning labels be effective? Will they “work”?
|
|
Probability that both gloves selected will be right-handed
: If two gloves are randomly selected from the box, without replacement (the first glove is not returned to the box after it is selected), what is the probability that both gloves selected will be right-handed?
|
|
Discuss the pros and cons of this structure
: Do you believe that it is in the best interest of the nation to allow such a powerful organization to be INDEPENDENT from voters and policymakers? Discuss the pros and cons of this structure.
|
|
Balance sheet of dip general partnership
: The December 31, 2010, balance sheet of the DIP General Partnership is as follows:
|
|
Discuss how these agents inhibit inflammation
: write about targets for anti-inflammatory drugs. Currently, most drugs either inhibit the synthesis of prostaglandins/leukotrienes (cyclo-oxygenase inhibitors) or they inhibit transcription of genes encoding inflammatory cytokines (such as IL-1, T..
|
|
Decrease both aggregate output and aggregate price levels
: Decrease both aggregate output and aggregate price levels. Decrease aggregate output, but increase aggregate price level.
|
|
Explain the process of chronic inflammation
: Chronic inflammation is responsible for many of the debilitating effects of auto-immune, and other, diseases. In pathogenic inflammatory diseases, high levels of immune system cells (particularly macrophages, neutrophils, and TH1 cells) migrate fr..
|
|
What is the boiling-point elevation
: A solution contains 29 g of sucrose (C12H22O11), a nonelectrolyte, dissolved in 929 g of water. What is the boiling-point elevation?
|