Distribution from the partnership

Assignment Help Accounting Basics

Reference no: EM13123966

Demarcus is a 50% partner in the DJ partner. DJ has taxable income for the year of $200,000. Demarcus received a $75,000 distribution from the partnership. What amount of income related to DJ must Demarcus recognize?

A) $200,000

B) $75,000

C) $100,000

D) $37,500

Reference no: EM13123966

Questions Cloud

Write an assignment high level english : write the assignemnt in a really structured high level english because it s a graduate course and proofread

Obtain the average variable cost function : Find (algebraically) the points where the MC function intercepts the AVC and the ATC functions. (Hint: at one interception point MC = AVC and at the other MC = ATC)

Calculate the number of atoms per unit cell : strontium metal crystalizes in a cubic unit cell which has a edge length of 612 pm. If the mass of an atom of Sr is 87.62 amu, and the density of Sr is 2.54 g/cm3.

Find the z-score for a height of given value : Find the probability that a randomly selected man will be shorter than 78.1 inches. Don't forget the diagrams for (b) and (c).

Distribution from the partnership : Demarcus is a 50% partner in the DJ partner. DJ has taxable income for the year of $200,000. Demarcus received a $75,000 distribution from the partnership. What amount of income related to DJ must Demarcus recognize?

What mass of hcn will be produced : if 5.00 g of each NH3, O2, and CH4 are reacted, what mass of HCN will be produced, assuming 100% yield

Solve simultaneous linear equations : Solve the simultaneous linear equations by using the following methods. Algebraic Elimination Method

Is evidence that waiting time at restaurant is less : Is there evidence that the waiting time at this particular restaurant is less than 3.7 minutes? Use a 1% level of significance. What is your conclusion?

Draw the supply of agricultural land : Draw the supply of agricultural land. If a tax is imposed on all agricultural products, who would bear the burden of the tax, the owners of agricultural land or the producers renting that land? (producers of agricultural products are in this case ..

User Account

All Pages