Business
Business, 24.02.2020 22:43, bribaby74

AB Corporation and YZ Corporation formed a partnership to construct a shopping mall. AB contributed $576,000 cash, and YZ contributed land ($576,000 FMV and $506,000 basis) in exchange for a 50 percent interest in ABYZ Partnership. Immediately after its formation, ABYZ borrowed $288,000 from a local bank. The debt is recourse (unsecured by any specific partnership asset). Compute each partner’s initial basis in its partnership interest, assuming that both AB and YZ are general partners. Compute each partner’s initial basis in its partnership interest, assuming that AB is a general partner, and YZ is a limited partner.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 23.06.2019 00:30, anniebear
5. if you were to take a typical payday loan for $150, with an interest rate of 24.5% due in full after two weeks, what is the total amount you would have to repay? a. $186.75 b. $174.50 c. $157.33 d. $153.67
Answers: 1
image
Business, 23.06.2019 13:30, nell1234565
Wyome has a career in manufacturing and goes to an office to work every day. at the office, he most likely works with
Answers: 2
image
Business, 23.06.2019 18:30, knoel7990
Pestiferous manufacturing produces a chemical pesticide and uses process costing. there are three processing departmentslong dash​mixing, ​refining, and packaging. on january​ 1, the first departmentlong dashmixinglong dashhad no beginning inventory. during​ january, 48,000 fl. oz. of chemicals were started in production. of​ these, 40,000 fl. oz. were​ completed, and​ 8,000 fl. oz. remained in process. in the mixing​ department, all direct materials are added at the beginning of the production​ process, and conversion costs are applied evenly throughout the process. at the end of​ january, the equivalent unit data for the mixing department were as​ follows: units equivalent units equivalent units units to be accounted for direct materials costs conversion costs completed and transferred out ​40,000 ​40,000 ​40,000 ending​ work-in-process* ​8,000 ​8,000 ​3,520 ​48,000 ​48,000 ​43,520 ​* percent complete for conversion​ costs: 44% in addition to the​ above, the cost per equivalent unit were​ $1.35 for direct materials and​ $5.30 for conversion costs. using this​ data, calculate the full cost of the ending wip balance in the mixing department. the​ weighted-average method is used.
Answers: 2
image
Business, 23.06.2019 22:20, ft2134
Rose bought a mattress for her guest bedroom for $100, on sale. the mattress is nonreturnable. although everyone who has slept on the mattress said it was very uncomfortable, rose will not get rid of it because she spent $100 on it. what psychological factor associated with behavioral economics explains rose's behavior?
Answers: 2
Do you know the correct answer?
AB Corporation and YZ Corporation formed a partnership to construct a shopping mall. AB contributed...

Questions in other subjects: