Susan, a 1/3 partner, has an adjusted basis of $90,000 for her partnership interest. if susan sells her entire partnership interest to emma for $100,000 cash, what is the amount and character of susan's gain or loss from the sale?

Restaurants do a large volume of business by credit and debit cards. Suppose Spring Garden Salads restaurant had these transactions on January 28, 2016 : National Express credit card sales $10,500 ValueCard debit card sales 6,000 Requirements 1.

For a Louisiana partnership in commendam, what duties/responsibilities is the partner in commendam allowed to have and what activities, if any, must the partner in commendam avoid in order to preserve his/her limited liability protection

Jesse company adjusts its accounts monthly and closes its accounts on december 31. on october 31, 2015, jesse company signed a note payable and borrowed $150,000 from a bank for a period of six months at an annual interest rate of 6 percent. a.

McConnell Corporation has bonds on the market with 23.5 years to maturity, a YTM of 7 percent, a par value of $1,000, and a current price of $1,051. The bonds make semiannual payments. What must the coupon rate be on these bonds?

Flawless Cosmetic Company manufactures and distributes several different products. The company currently uses a plantwide allocation method for allocating overhead at a rate of $6 per direct labor hour.

If Kevin makes $7.75 an hour and works 45 hours, what is his gross pay? A. $338.75 B. $318.75 C. $348.75 D. $315.75

Which of the following statements is NOT true regarding the importance of the role that an operations manager plays in addressing service quality? A.

Gangsta Industries produces a variety of anti-crime and safety products such as burglar alarms, smoke detectors, surveillance cameras, and specialty locks. Gangsta sells to households, businesses, and government agencies.

Having one password for all accounts is an easy way to remember passwords, but it will expose what risks?

A locomotive train is on its way from chicago, il to madison, wi. the trip is said to last 3.15 hours. when the train arrives in madison the conductor notices it actually took them 3.26 hours.