subject
Business, 21.08.2021 03:10 javonteoshamccaliste

Misty and John formed the MJ Partnership. Misty contributed $37,500 of cash in exchange for her 50% interest in the partnership capital and profits. During the first year of partnership operations, the following events occurred: the partnership had a net taxable income of $15,000; Misty received a distribution of $9,000 cash from the partnership; and Misty had a 50% share in the partnership's $45,000 of recourse liabilities on the last day of the partnership year. Misty's adjusted basis for her partnership interest at year end is:

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 15:10
Paddock pools constructed a swimming pool and deck for the jensens' home. paddock installed the wrong trim on the pool. it would cost $2800 to change the trim-one-fifth of the total cost of the pool. the jensens refuse to pay anything for the pool. the paddock's best defense is: (a) duress (b) substanial performance (c)mistake (d) failure of conditions
Answers: 3
question
Business, 23.06.2019 14:30
Xavier and shawn are co-owners of a party-planning business. they split all of the profits 50-50 and are able to make decisions that are binding on both parties. at one of their parties a guest is injured on a piece of equipment. the guest sues xavier and shawn, and they find they're personally liable for any damages. what kind of business structure do they have? question 8 options: sole proprietorship general partnership limited liability company corporation
Answers: 3
question
Business, 23.06.2019 15:00
Construct an example of the cycle of​ money, identify all the players involved and identify their individual benefits from participating in the cycle of money. in the examples of the cycle of money shown​ below, identify all the players involved and identify their individual benefits from participating in the cycle of money. example​ one: ​(select from the​ drop-down menus.) ▾ opens a savings account ▾ with the borrower with the original lender at a local commercial bank with a​ $200 deposit. the ▾ original lender bank borrower loans out the​ $200 with other funds from other savings accounts to ▾ the original lender a local businessman who is expanding his business. the local businessman pays back the loan over time with interest and the bank credits the savings account with interest. the individual withdraws money from the savings account to buy a new bike.
Answers: 1
question
Business, 23.06.2019 20:30
Saks fifth avenue wants to learn about its consumers' attitudes toward on-line purchases. there are numerous studies that are available about consumers and on-line buying, but saks believes its customers might be different from the usual on-line consumer profile, so they decide to conduct their own study. if saks were to use the available data about consumer attitudes, it would be using data; however, if saks does its own study it would collect data.
Answers: 3
You know the right answer?
Misty and John formed the MJ Partnership. Misty contributed $37,500 of cash in exchange for her 50%...
Questions
question
Mathematics, 01.12.2020 02:10
question
Mathematics, 01.12.2020 02:10
question
English, 01.12.2020 02:10
question
Biology, 01.12.2020 02:10
question
Mathematics, 01.12.2020 02:10
question
Biology, 01.12.2020 02:10
question
Mathematics, 01.12.2020 02:10
question
Mathematics, 01.12.2020 02:10