Answer: $0 equipment, $20,000 land, $30,000 inventory, $90,000 partnership interest.
Explanation: The asset basis in the partnership between Xena and Xavier is the same same their basis. In the scenario above, Xena's basis is the same as Xena's partnership basis in asset.
Xena's asset basis include;
Cash = $20,000
Land basis = $40,000
Inventory basis = $30,000
Equipment basis = $0
Therefore Xena's basis in the partnership interest :
$(20,000 + 40,000 + 30,000 + 0) = $90,000
Answer:
The correct statement is Option No. 4 which is "straight bonds are more costly to issue than convertible bonds".
Explanation:
Option 4 "straight bonds are more costly to issue than convertible bonds" is true because generally convertible bonds offer low yield , so it is the lowest cost for issuers.
The amount that should be associated with the given case is $16,000.
The computation is as follows:
= Money damages + cost of the court + attorney fees associated
= $8,000 + $3,500 + $,4500
= $16,000
In order to determine the value i.e. associated we add the above 3 items.
Therefore we can conclude that The amount that should be associated with the given case is $16,000.
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