Rebecca has a $52,000 basis in her partnership interest when she receives liquidating distributions from the partnership. She receives cash of $30,000 and equipment with a $18,000 basis to the partnership. What are the tax consequences of the liquidating distributions to Rebecca

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it.g

Afamily wishes to save for future college expenses. which financial tool should the family invest in?