Question
In: Accounting
A, B, C, & D each contributes $25,000 to the ABCD partnerships, which then acquires a...
A, B, C, & D each contributes $25,000 to the ABCD partnerships, which then acquires a $1,000,000 building, paying $100,000 cash and borrowing $900,000 on a nonrecourse basis.
(a) If the parties are equal general partners, what is each partner’s outside basis?
(b) What result if the partnership is a limited partnership, A is the sole general partner and all the partners share profits and losses equally?
(c) What result in (b), above, if the partnership were personally liable for the debt?
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Partners A, B, C and D each contribute $100,000 for 25% of the ABCD partnership. The...
Partners A, B, C and D each contribute $100,000 for 25% of the ABCD
partnership.
The
partners all meet the three tests for economic effect, and the four
tests for allocation of nonrecourse deductions are met as
well.
They use
the $400,000 cash and $3,600,000 of nonrecourse financing to buy a
building that is depreciable over 20 years on a straight line
basis.
Income
equals expenses in all years, except for depreciation,
which is allocated completely to D.
How much...
Two partnerships of A & B and C&D began business on Jan 1st 2017; each partnership...
Two partnerships of A & B and C&D began business
on Jan 1st 2017; each partnership owns one retail
appliance store. The two partnerships agree to combine as of April
1st 2017 to form a new partnership, ABCD Discount
Stores. The two businesses agreed upon the following
points:
Profit and loss ratios.
A
B
C
D
Old Business Ratios
40%
60%
30%
70%
New Business Ratios
20%
30%
15%
35%
Capital investments. The opening capital
investments for the new partnership...
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In the diagram, which point is at the lowest potential?(a) A(b) B(c) C(d) D
There are four urns, which we label A, B, C, and D, and each of these...
There are four urns, which we label A, B, C, and D, and each of
these urns contains some white balls and some black balls, as
specified below.•UrnAhas3white balls and2black balls•UrnBhas2white
balls and6black balls•UrnChas3white balls and6black
balls•UrnDhas5white balls and7black balls one of the urns is chosen
at random, and then one of the balls is selected from the chosen
urn.
(a) What is the probability that urnAis chosen, and then a white
ball is chosen from thaturn?
(b) What is...
In hyperbolic geometry, suppose ABCD is a quadrilateral with right angles at C and D such...
In hyperbolic geometry, suppose ABCD is a quadrilateral with
right angles at C and D such that AD = BC. Show that AB > CD.
Hint: Use Proposition 24 of Euclid.
For each of the following simplicial complexes ,X = {[a], [b], [c], [d], [a, b], [c,...
For each of the following simplicial complexes ,X = {[a], [b],
[c], [d], [a, b], [c, d]}, and X = {[a], [b], [c], [d], [e], [a,
b], [b, c], [c, d], [a, d], [a, c], [a, e], [b, e], [a, b, c]},give
a basis for each non-zero Hj(X).
The following graph contains four lines (A, B, C and D), each of which has a...
The following graph contains four lines (A, B, C and D), each of which has a slope that is either positive, negative, zero, or infinite.For each of the following scenarios, indicate whether the relationship between the two variables is positive or negative, as well as which line on the previous graph has a slope that reflects this type of relationship. Hint: The X-axis and Y-axis on the graph are not labeled intentionally. You need to substitute the variables from each scenario...
The following graph contains four lines (A, B, C and D), each of which has a...
The following graph contains four lines (A, B, C and D), each of which has a slope that is either positive, negative, zero, or infinite.For each of the following scenarios, indicate whether the relationship between the two variables is positive or negative, as well as which line on the previous graph has a slope that reflects this type of relationship. Hint: The X-axis and Y-axis on the graph are not labeled intentionally. You need to substitute the variables from each scenario...
Multiple choice questions. Choose one of the options which are A,B,C and D for each of...
Multiple choice questions. Choose one of the options which are
A,B,C and D for each of the sub-question listed in numeral.
1. Accounting is the information system that
A.
measures business activity.
B.
communicates the results to decision makers.
C.
process data into reports.
D. All of
the above.
2. Which is not a characteristic of managerial
accounting information?
A.
Emphasizes the external financial statements.
B.
Provides detailed information about individual parts of the...
Consider the cross: A/a; b/b; C/c; D/d; E/e x A/a; B/b; c/c; D/d; e/e a) what...
Consider the cross: A/a; b/b; C/c; D/d; E/e x A/a; B/b; c/c;
D/d; e/e
a) what proportion of the progeny will phenotypically resemble
the first parent?
b) what proportion of the progeny will genotypically resemble
neither parent?
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