User Account

All Pages

Calculate elaine current basic in her partnership interest

Assignment Help Accounting Basics
Reference no: EM131988753

Question - Elaine's original basic in the hornbeam partnership was 25,000. her share of the taxable income from the partnership since she purchase the interest has been 100,000 and Elaine has received 75000 in cash distribution from the partnership, Elaine didn't recognized any gains as a result of this distribution. Calculate Elaine current basic in her partnership interest?

Reference no: EM131988753

Questions Cloud

Elasticity of demand for tourism in the chinese : If the Income Elasticity of Demand for tourism in the Chinese outbound market was 3, what would this mean?
What are the top five policies that you would include : What are the top five (5) policies that you would include? Be sure at least one (1) of the policies involves security.
Calculate the labor force : Use the hypothetical data in the table below to calculate the Labor Force (in millions) and the rate of unemployment (as a percentage) in each year.
Identify and explain the requirements for the organization : Organizations and IT Professionals must adhere to compliance and governance regulations. Three regulations of note are HIPAA, PCI, and SOX compliance.
Calculate elaine current basic in her partnership interest : Elaine didn't recognized any gains as a result of this distribution. Calculate Elaine current basic in her partnership interest
Prepare a schedule computing the net cash flow : Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method
Prepare a business continuity plan for your organization : Prepare a business continuity plan for your organization. Describe the basic activities that must be managed by the BCP.
Give a presentation on software development models : The chief information officer (CIO) has asked you to give a presentation on software development models to the new hires.
Differences between a pure monopoly and oligopoly : What would be a good example of a company in a monopoly and one company in oligopoly for comparison?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the gross profit per picture frame

The managerial accountant at Picture Frame Manufacturing reported that the company plans to transfer $250,000. What is the gross profit per picture frame?

  Compute the conversion costs for the month of october

Compute the equivalent units for materials and conversion costs for the month of October using the FIFO method

  Other financing sources or uses b items appearing after

1-the fund financial statements for governmental funds should include aa balance sheet for fiduciary funds b statement

  Discuss terms fob shipping point

merchandise, returned 11,550, and paid freight charges of 18,800 on purchased merchandise, terms FOB shipping point

  Aziz industries has sales of 100000 and accounts receivable

aziz industries has sales of 100000 and accounts receivable of 11500 and it gives its customers 30 days to pay. the

  Flip electric began operations in 2012 and provides a one

1. a sales returns and allowances account is not debited if a customer...a. returns defective merchandise.b. recieves a

  Charge of recording collections on accounts

Linda Hall, manager of Rio Grande Building Corp., has been with the company for several years. She is a valued and trusted employee. Linda is in charge of recording collections on accounts, making the daily bank deposits, and reconciling the bank ..

  What is the final amount of the loan payable

What is the final amount of the loan payable that Duck will show on its books, in dollars, just before it repays the loan

  What is the effect of the sale on the total amount

A vacant lot acquired for $150,000 is sold for $290,000 in cash. What is the effect of the sale on the total amount of the seller's (1) assets, (2) liabilities, and (3) owner's equity?

  Price-usage and total variance

If I were to make muffins and the blueberries for the muffins cost 2.05 per bag and I use 11 blueberries per muffin but then found out that people liked 15 berries per muffin and I found a store that sold 400 berries per bag at 1.89 per bag. How d..

  Exchange has commercial substance

The old tractor cost 107900 and straight line accumulated depreciation of 58500 had been recorded to date under the assumption that it would last eight years and have a 14300 salvage value. Answer the following questions assuming the exchange has ..

  Tipper co is considering a 10-year project that is

tipper co. is considering a 10-year project that is estimated to cost 700000 and has no residual value. tipper seeks to

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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