Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. halie loren and carmen formed an h l and see a gen

Halie Loren and Carmen formed an h l and see a general partnership as equal...

70.2K

Verified Solution

Question

Accounting

Halie Loren and Carmen formed an h l and see a general partnership as equal Partners Haley contributed 55, 000 cash Lauren contributed 25000 cash and property with an adjusted basis of 25, 000 and a fair market value of 35000 Cami contribute property with an adjuster base of 43000 and a fair market value of 55000 the partnership made 9000 in ordinary income for the year what is Hayley's ending tax Capital account

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A bank features a savings account that has an annual pe compounded quarterly Dalton deposits...

Basic Math
Q

The allele \"D\" would be cleaved twice by EcoRI, resulting 3 fragments: 839, 262, and 215...

Biology
Q

What are some of the health biases against women in the medical research industry? What are some...

Psychology
Q

Describe two types of fields pertinent to electronic circuits, and explain why there are no ideal...

Electrical Engineering
Q

When testing gas pumps for? accuracy, fuel-quality enforcement specialists tested pumps and found that 1345 of...

Basic Math
Q

A 0 30 m radius automobile tire accelerates from rest at a constant 2 0...

Physics
Q

down a frictionless hemispherical bowl It passes the point A at t 0 At this...

Physics
Q

2 In a study of drug inducted anaphylaxis among patients taking rocuronium bromide as part...

Statistics
Q

vvv Limited purchased a machine for $300,000 cash on 1 July...

Accounting
Q

This type of lease is treated similar to an asset purchase. Select one: Asset Lease...

Accounting
Q

You have been analyzing Stein Corporation and Garner Company. You find that Stein Corporate has...

Accounting
Q

1. The DEF partnership has the following balance sheets: D sold his interest to G...

Accounting