User Account

All Pages

What is the amounts and nature of Luis game

Assignment Help Accounting Basics
Reference no: EM133055866

Question - Louise owns 45% of a partnership and her brother owns the remaining 55% interest. During the current tax year Louise sold a building to the partnership for $160,000 to be used for the partnerships office. She had held the building for three years and it had an adjusted basis of $120000 at the time of the sale. What is the amounts and nature of Luis's game on this transaction?

Reference no: EM133055866

Questions Cloud

Cost of secured short-term credit : The Marlow Sales and Distribution Co. needs $1.5 million for the 3-month period ending September 30, 2015. The firm has explored two possible sources of credit.
What would the value of inventory be : They are all the same model. Using the average cost method, what would the value of inventory be if 120 mats were sold on February 14
What is the weighted average cost of capital : A firm has $7.9 Billion debt outstanding, with a yield to maturity of 5.2% and a coupon rate of 4.2%. They have 104 million preferred shares outstanding, curren
Development of standards for successful project management : Discuss the importance of top management commitment and the development of standards for successful project management.
What is the amounts and nature of Luis game : Louise sold a building to the partnership for $160,000 to be used for the partnerships office. What is the amounts and nature of Luis game
What is the cost of equity capital for gm : GM has a current stock price of $92.38. If they issued a dividend of $4.56 last week, and the dividend is projected to grow at 4% what is the cost of equity cap
Physical delivery only of the foreign currency : Your company has ordered some equipment from a European manufacturer for a price of €500,000. The payment terms are that you will pay the amount in Euros on Dec
Award process for selecting vendors : In most cases, the healthcare facility's purchasing department is the entity responsible for procuring goods and services and for overseeing the procurement pro
What is the yield to maturity on a 14-year bond : Vitality Vancouver Inc. (VVI) has recently raised debt capital through long-term financing. The bond indenture includes issuing 8% coupon bonds on the market th

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: +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