In relation to the Takings Clause, public use has been held to be synonymous with public purpose
a. True
b. False
Indicate whether the statement is true or false
True
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Springdale Co reported net income of $200,000 . Cash from operations
a. will be more than $200,000. b. will be less than $200,000. c. will be equal to $200,000. d. cannot be determined without more information.
This year's budget looks more favorable ____ last year's
A) than B) then
The ________ indicates both the strength and direction of the linear relationship between the independent and dependent variables
A) regression intercept B) regression slope C) coefficient of determination D) correlation coefficient
Heidi and Teresa are equal partners in the HT Partnership. The partners formed the partnership seven years ago by contributing cash. Prior to any distributions, the partners each have a $50,000 basis in their partnership interests. On December 31, the partnership makes a proportionate operating distribution to Teresa of $40,000 cash and stock with a fair value of $20,000 (inside basis of $7,000). What is the amount and character of Teresa's recognized gain or loss? What is Teresa's remaining basis in HT?
What will be an ideal response?