Kenya and Ebony have no agreement concerning the allocation of the sales price. Ordinary income recognized by Kenya as a result of the sale is
Kenya sells her 20% partnership interest having a $28,000 basis to Ebony for $40,000 cash. At the time of the sale, the partnership has no liabilities and its assets are as follows:
A) $6,000.
B) $12,000.
C) $14,000.
D) $16,000.
C) $14,000.
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Lucy tends to leave users only partially satisfied in her conflict management. Lucy is often referred to by her friends as the conflict manager who prefers a “lose–lose” outcome. Which conflict management style does Lucy tend to use?
A. avoiding B. compromising C. competitive D. collaborative
Although expensive to install and maintain, a standard cost accounting system can save a company considerable amounts of money by reducing resource waste
Indicate whether the statement is true or false
Communication is defined as "the transmission of information and meaning from one individual or group to another." The crucial element of this definition is A) transmission
B) information. C) meaning. D) individual.
The balance in the Bonds Payable account is a credit of $67,000. The balance in the Discount on Bonds Payable account is a debit of $3,350. What is the bond's carrying amount?
A) $3,350 B) $70,350 C) $67,000 D) $63,650