Lebron, dennis, and susan formed the bar t llc at the beginning of the current year. lebron and dennis each contributed $200,000 and susan transferred several acres of agricultural land she had purchased two years earlier to the llc. the land had a tax basis of $50,000 and was appraised at $300,000. the land was also encumbered with a $100,000 nonrecourse mortgage (i. e., qualified nonrecourse financing) for which no one was personally liable. the members plan to use the land and cash to begin a cattle-feeding operation. susan will work full-time operating the business, but lebron and dennis will devote less than two days per year to the operation. all three members agree to split profits and losses equally. at the end of the first year, bar t had accumulated $40,000 of accounts payable jointly guaranteed by lebron and dennis and had made a $9,000 principal payment on the mortgage. none of the members have passive income from other sources. for the first year of operations, the partnership records disclosed the following information: sales revenue $620,000, cost of goods sold 380,000, operating expenses 670,000, dividends 1,200, municipal bond interest 300, salary paid as a guaranteed payment to susan 10,000 (not included in expenses), cash distributions split equally among the 3,000 members at year-endcompute the adjusted basis of each member’s interest immediately after the formation of the llc.

The balance sheet contains the following major sections: current assets long-term investments property, plant, and equipment intangible assets other assets current liabilities long-term liabilities contributed capital retained earnings accumulated other comprehensive income required: the following is a list of accounts. using the letters a through j, indicate in which section of the balance sheet each of the accounts would be classified. if an account does not belong under one of the sections listed, select "not under any of the choices" from the classification drop down box. for all accounts, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet by selecting "yes" from the second drop down box, otherwise select "no". account classification contra or deducted (yes/no) 1. cash 2. bonds payable (due in 8 years) 3. machinery 4. deficit 5. unexpired insurance 6. franchise (net) 7. fund to retire preferred stock 8. current portion of mortgage payable 9. accumulated depreciation 10. copyrights 11. investment in held-to-maturity bonds 12. allowance for doubtful accounts 13. notes receivable (due in 3 years) 14. property taxes payable 15. deferred taxes payable 16. additional paid-in capital on preferred stock 17. premium on bonds payable (due in 8 years) 18. work in process 19. common stock, $1 par 20. land 21. treasury stock (at cost) 22. unrealized increase in value of available-for-sale securities

What is overdraft protection (odp)? a.) a cheap and easy way to always avoid overdrawing a bank account b.) a service to automatically transfer available funds from a linked account to cover purchases, prevent returned checks and declined items when you don’t have enough money in your checking account at the time of the transaction. c.) an insurance policy sold by banks to prevent others from withdrawing your money d.) a service provided by the government that insures individuals bank deposits up to $250,000

On october 2, 2016 starbucks corporation reported, on its form 10-k, the following (in millions): total assets $14,329.5 total stockholders' equity 5,890.7 total current liabilities 4,546.9 what did starbucks report as total liabilities on october 2, 2016? select one: a. $12,516.7 million b. $6,377.3 million c. $995.0 million d. $8,438.8 million e. none of the above