User Account

All Pages

What would be taxation liability for the partnership

Assignment Help Accounting Basics
Reference no: EM131821258

Three partners invested $90,000 each into a partnership. The agreement is that the profit or loss are to be shared equally. Profit for the first year was $12000. What would be taxation liability for the partnership be its first year?

Reference no: EM131821258

Questions Cloud

How would you segment the market for travelling : Explain what primary & secondary needs are satisfied when going to the hairdresser.Using personality traits, how would you segment the market for travelling?
A story based on the topic : Develop vocabulary and conversation functions related to the topic so the story needs to contain these elements.
What is the impact of interest rate changes : What is the impact of interest rate changes on the a) the budget as proposed, and b) the CFOs request for higher minimum cash balance
Calculate the density of a penny minted : Although pennies are mostly composed of copper (Cu), they also contain zinc (Zn). Calculate the density of a penny minted in 1980
What would be taxation liability for the partnership : What would be taxation liability for the partnership be its first year
What the tax consequences to a and b from the first year : What the tax consequences to A and B from the first year of operation? What is A and B's basis in their shares at the end of 2015?
Explain the types of message appeals : 1. Explain how we form attitudes and 3 levels of commitment to attitude.2. Explain persuasion and the 6 principles that influence people to change their mind.
Discuss a statement of cash flow using the direct method : A statement of cash flow using the direct method, including a reconciliation of the profit for the year with cash from operations
Difference between the proportions of yes responses : Is there any difference between the proportions of yes responses to these questions? If yes, carry out the test. If not, explain why not.

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