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Individuals Allen and Betty form an S corporation, with Allen contributing cash of $100,000 for a 50% interest and Betty contributing appreciated ordinary income property with an adjusted basis of $20,000 and a fair market value of $100,000. (I) Determine Betty's initial basis in her stock, assuming that she receives a 50% interest. (II) The S corporation sells the property for $120,000. Determine Allen and Betty's stock basis after the sale. (III) Determine Allen and Betty's gain or loss if the company is liquidated.
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The interest is computed based on the beginning balance of the loan for the month. The company has a cash balance of $20,000 and a loan balance of $40,000 at January 1. Prepare monthly cash budgets for each of the first three months of next year.
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What does it mean if a company such as Wal-Mart has net income, increasing total assets, and a lower return on assets? Is this a good thing or a bad thing?
if office equipment is acquired by paying 2500 cash and issuing a note payable for 8750 then a. total assets are
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