Broken Rock LLC was recently formed with the following members: Name__________________ Tax Year End __________Capital/Profits % George
Question:
Name__________________ Tax Year End __________Capital/Profits %
George Allen ...................December 31 ............................33.33%
ElanaxCorp. .......................June 30 .................................33.33%
Ray Kirk ...................... December 31 ..............................33.34%
What is the required taxable year-end for Broken Rock LLC?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
George Allen and Ray Kirk together own more than 5...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Question Posted:
Students also viewed these Business Law questions
-
Granite Slab LLC was recently formed with the following members: What is the required taxable year-end for Granite Slab LLC? Name Tax Year End December 31 December 31 Nelson Black Brittany Jones Lone...
-
Tall Tree LLC was recently formed with the following members: Name ___________________ Year End ____________ Capital/Profits % Eddie Robinson ...............December 31...
-
Rock Creek LLC was recently formed with the following members: Name ____________________Tax Year End _________________Capital/Profits % Mark Banks .......................December 31...
-
For OEM & Aftermarket Parts Distribution Companies (reference an example company) Describe the sales presentation method: Salesperson to buyer? Salesperson to buyer to group? Sales team to buyer...
-
Explain why transferred-in costs are a special type of raw material for the receiving department.
-
1. Is Jaguar Electronics likely to be able to compete overseas with a new product that it feels will not be competitive in its home market? Why or why not? 2. Should Winklepleck bring up the...
-
In February 2007, The Elliot Group, Inc., an Illinois real estate developer, made a deal with the Village of Arlington Heights to develop property in that village. Arlington Market, LLC, was...
-
In an audit of the Marco Corporation as of December 31, 2011, the following situations exist. No entries have been made in the accounting records in relation to these items. 1. During the year 2011,...
-
Ricardo works for Bank B and is talking about loans with a consumer. He provides the consumer with a general explanation regarding the basic qualifications of a loan. Although the consumer plans to...
-
Batch processes are often used in chemical and pharmaceutical operations to achieve a desired chemical composition for the final product. Related heat transfer processes are typically transient,...
-
Last December 31, Ramon sold the 10 percent interest in the Del Sol Partnership that he had held for two years to Garrett for $400,000. Prior to selling his interest, Ramon's basis in Del Sol was...
-
Ryan, Dahir, and Bill have operated Broken Feather LLC for the last four years using a calendar year-end. Each has a one-third interest. Since they began operating, their busy season has run from...
-
Determine the moment of inertia for the ellipsoid with respect to the x axis and express the result in terms of the mass m of the ellipsoid. The material has a constant density . dx
-
Write a C program named "lab3_2.c" that implements a function named max_value() to search through an array and display the largest value. Your "lab3_2.c" program must include the following main()...
-
A mass is attached to a spring with a spring constant of 8000 N/m. The spring and mass are set into simple harmonic motion on a frictionless horizontal surface. The period of vibration is 2.300 s....
-
Project A has an NPV of 100000. The project is financed by borrowing at 7%pa. The cost of capital for Project A is 0.11. This rate is expressed as a decimal, e.g. so that .12 is equal to 12%. The...
-
On February 1, 2013, Edwards Corporation purchased a parcel of land as a factory site for $250,000. It demolished an old building on the property and began construction on a new building that was...
-
By building a spreadsheet model, calculate this project's NPV. In this model, probably the most important value driver is the occupancy rate. Conduct the sensitivity analysis on the occupancy rate by...
-
A flat surface with area 2.0 m 2 is in a uniform 850-N/C electric field. Find the electric flux through the surface when its (a) at right angles to the field, (b) at 45 to the field, (c) parallel to...
-
Data 9.2 on page 540 introduces the dataset Cereal, which includes information on the number of grams of fiber in a serving for 30 different breakfast cereals. The cereals come from three different...
-
Windmill Corporation manufactures products in its plants in Iowa, Canada, Ireland, and Australia. Windmill conducts its operations in Canada through a 50 percent owned joint venture, CanCo. CanCo is...
-
Euro Corporation, a U.S. corporation, operates through a branch in Germany. During 2015 the branch reported taxable income of $1,000,000 and paid German income taxes of $300,000. In addition, Euro...
-
USCo, a U.S. corporation, has decided to set up a headquarters subsidiary in Europe. Management has narrowed its location choice to either Spain, or Ireland, or Switzerland. The company has asked you...
-
import java.util.LinkedList; import java.util.Scanner; public class Agency { private Administrator loggedInUser; private Destinations destinations; private Flights flights; private Administrators...
-
When an employer has reason to believe a worker who was already trained in fall protection does not fully understand the safeguards involved in the training, by Code what must the employer do?
-
The perceived deterioration of government services and products is usually attributed to the corrupting influences of power, which may lead those who hold it to act in their self-interest rather than...
Study smarter with the SolutionInn App