Business, 29.04.2021 16:10, AmyGonzalez1385

Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $19,000 cash and inventory with a fair value of $34,400 (inside basis of $17,200) to Randolph in complete liquidation of his interest. RD has no liabilities at the date of the distribution. Randolph's basis in his RD Partnership interest is $38,800. What is the amount and character of Randolph's gain or loss on the distribution

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 18:20, winterblanco

Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal fees. believing saeed's business will be a success, an investor invests $5,000 to saeed open his business. in return, saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. calculate the return on investment for the investor if saeed's business makes $7,000 in profit as a total return of the business in its first year.

Answers: 1

continue

Business, 22.06.2019 10:40, esta54

At cooly cola, we are testing the appeal of our new diet one cola. in a taste test of 250 randomly chosen cola drinkers, 200 consumers preferred diet one cola to the leading brand. assuming that the sample were large enough, the large-sample 95% confidence interval for the population proportion of cola drinkers that prefer diet one cola would be:

Answers: 1

continue

Business, 22.06.2019 11:00, mhh92

Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified

Answers: 3

continue

Business, 22.06.2019 22:00, isabellainksow87vn

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?

Answers: 3

continue

Do you know the correct answer?

Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $19,000 cash an...