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On January 1, of the current year, C made a gift of 25% interest in the Mariner Partnership to his son, P. The partnership's business was bookkeeping; capital was not a material income-producing facto
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An allocation is considered as substantial if all of the following occur except:A partner loses money as a result of the allocationA partner's after-tax position is not improvedA partner's economic po
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Retiring partner A is to receive $120,000 for his partnership interest spread over a 4-year period and paid in installments of $30,000 per year. If A's basis is $64,000 and the payments are considered
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A loan will never be treated as a recourse loan under which of the following conditions?A loan is part of a wrap-around arrangementA loan-reimbursement plan existsA partner loans money to a partnershi
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Partner C has a capital loss of $90,000 and has knowledge that the partnership will have large capital gains for the year. The other partner, D, is in a low tax bracket, Which of the following might n
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The LMN Partnership has the following assets and liabilities before any reduction for year-end principal payments on the liabilities. Assume the book basis and tax basis are the same amount.Assets: Ba
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A partnership has the following assets and liabilities. The book basis and tax basis are the same amount.Building: Basis $90,000 Value $92,000Accounts payable: Basis $8,000 Value $8,000Note payable: B
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Which of the following is the last day to modify a partnership agreement in order for a special allocation to be respected?The extended due date of the tax returnThe last day of the fiscal year in whi
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XYZ, an equal three-person partnership, has cash of $12,000 and securities of $15,000 (FMV) with an adjusted basis of $3,000 to the partnership. Assume that Z sells her interest to W for $9,000. If th
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L invests $60,000 for one-third interest in the LMN Partnership as a limited partner. During this period, L's share of the partnership income is $120,000 and L has withdrawn $75,000. The partnership h
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ABC, an equal three-person cash basis partnership, has cash of $3,000 and securities of $48,000 (FMV) with an adjusted basis of $30,000 to the partnership. Assume that C sells her interest to D for $1
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Which of the following is not an example of a partnership where capital is a material income-producing factor?Five individuals open a hardware store as a partnershipFour individuals form a child care
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AB Partnership has the following assets and liabilities at year end. The book basis and tax basis are the same amount.Machine: Basis $10,000 Value $13,000Building: Basis $80,000 Value $100,000Note 1:
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T transfers a building ($90,000 market value; $40,000 basis), plus $60,000 nonrecourse debt on the building, to a partnership in exchange for a 30% capital interest valued at $30,000. If T retains per
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A partnership has the following assets. The book basis and tax basis are the same amount.Cash: Basis $7,000 Value $7,000Machine: Basis $10,000 Value $5,000Note payable: Basis $20,000 Value $20,000If t
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A partnership is owned by a mother (60%) and her son (40%), Their capital accounts are maintained in the same ratio. The son received his ownership interest as a gift from his mother several years ago
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IRC Section 736 applies to which of the following situations?An involuntary termination of a partnershipThe death of a partnerThe distribution of partnership propertyThe reductiion of a partner's inte
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Partner A is to receive $100,000 in retirement of her pasrtnership interest. Yhe payments are to be spread ove a 10-year period and paid in installments of $10,000 per year. If A's basis is $12,000 an
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The WXYZ Partnership has the following two assets before its liquidating distribution to partner W:Accounts receivable: Basis $0 Value $20,000Capital assets: Basis $12,000 Value $20,000 If partner W
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Write a one to two page memorandum on the following ethics issue: Jill Peterson is one of several subscribers involved in the process of forming a new company, Pets-Go. She is also in the process of b
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PART A (Schedule 1): On January 1, 2008, Border Company purchased a truck. The company signed a note agreeing to pay $300,000 on December 31, 2012 (i.e. single large payment). The market interest rate
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Assignment InstructionsWrite a 750 - 1250 word paper on the following topic:Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial ac
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Develop a 175-word memo announcing the new security policies to all employees taking effect in one month following mandatory training. Search online for a Microsoft® memo template. Create an eye-catc
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Part 1Develop a 1,400-word summary describing the challenges businesses have in securing data in today's technological environment and what businesses should do to mitigate or minimize risks: Include
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1. Explain the management functions of planning, organizing, leading, and controlling in your own words. Also, explain how the functions work together in business.Your response must be at least 30
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Imagine you are an entrepreneur launching a business planning to operate both domestically and abroad. You are currently developing your marketing plan and strategies. Develop a 1,050-word analysis a
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All major aviation operations (flight, maintenance, air traffic control, and airport) can induce substantial amounts of stress on the humans conducting and managing those operations. Select one of tho
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Government regulations have impacted the site planning and capacity planning at Smitheford Pharmaceuticals. NAFTA has had an impact on the advantages of the ownership of manufacturing facilities in Ca
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Challenges Facing HR ExecutivesThe Society for Human Resource Management (SHRM), which is the primary professional organization for HR professionals—and an organization we recommend students interes
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Assignment InstructionsWrite a 750 - 1250 word paper on the following topic:Compare and contrast financial and managerial accounting. Provide one specific, real-life example of how either financial ac
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global company cultureFind a recent article from a scholarly business journal about global company culture. You may find articles online or search Strayer University’s database for journals. Summ
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Pretend you are a manager of your favorite manufacturing company (from the Module Three discussion). Discuss how you would use the balanced scorecard to evaluate your company. Be specificd. I attached
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Start by retrieving MONTHLY data for the period of 01/01/2015 - 12/31/2017 from Yahoo website for Samp;P 500 Index (ticker: This assignment will require you to analyze time series of monthly returns.
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Start by retrieving MONTHLY data for the period of 01/01/2015 - 12/31/2017 from Yahoo website for Samp;P 500 Index (ticker:This assignment will require you to analyze time series of monthly returns. S
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Review the HITECH and HIPAA acts using the Internet resources or LRC. What is the relationship between HITECH, HIPAA, and Electronic Health or Medical Records? As an MA working in a medical office, wh
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How would you define “ethics”? What types of ethical issues are involved in computerized accounting information systems? How can organizations encourage their employees to act ethically? How woul
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Amy and Mack Holly from Rapid City, South Dakota, have been married for three years. They recently bought a home costing $212,000 using a $190,000 mortgage. They have no other debts. Mack earns $65,00
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Amy and Mack Holly from Rapid City, South Dakota, have been married for three years. They recently bought a home costing $212,000 using a $190,000 mortgage. They have no other debts. Mack earns $65,00
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Amy and Mack Holly from Rapid City, South Dakota, have been married for three years. They recently bought a home costing $212,000 using a $190,000 mortgage. They have no other debts. Mack earns $65,00
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Dividends in arrears occur when the company doesn’t pay dividends to.......
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Suppose you own a new business and after a few rough years you now are making a solid profit of $150,000 per year and have built up some savings as...
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The fixed assets have estimated useful lives as follows: Building-31.5yrs computer equipment-5.0yrs office equipment -7.0yrs use the straight-line...
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Watson's Fish company buys whole salmon from various fisermen is at $4 per pound and sells the fish to restaurants for $6 per pound. Its fixed costs...
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Complete Project 1-1: Don Funk Scene 1 Production Tasks (pg.34 of your workbook). Save your Don Funk Scene 1 project file as YourLastNameYourFirstNameProject1-1 and submit it when done. Complete Proje
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Why are budgets important to a company? Choose your favorite manufacturing company and describe some of the budgets you think would be useful to that company (operating and financial) and the purpose
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Journal entries perpetual inventory system LO3, 4 On 28 February 2019, Darwinbased entity, Phonee Partners, had inventory of 480 phones at a total...
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How to analyse a case :Case studies offer descriptions and data of situations from which you have to:Step 1.Write the introduction to the case study analysis which outlines the situation the key issue
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Executive compensation has been a target for criticism by stakeholders and academics since the global financial crisis. CEO compensation packages aim...
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Compute the future value for the following:
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Gemini, LLC, invested $1 million in a state-of-the-art information system that promises to reduce processing costs for its purchasing activities by...
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