In 2019, Wilmah Lansing invested in the Triple-K Limited Partnership by paying $15,000 cash and signing...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In 2019, Wilmah Lansing invested in the Triple-K Limited Partnership by paying $15,000 cash and signing a $40,000 nonrecourse note. She also pledged $25,000 worth of securities for a loan obtained by the partnership. Her basis in the securities was $10,000. What amount does Wilmah have at risk in Triple-K as of January 1, 2020, if the partnership broke even (no income or loss)? In 2019, Wilmah Lansing invested in the Triple-K Limited Partnership by paying $15,000 cash and signing a $40,000 nonrecourse note. She also pledged $25,000 worth of securities for a loan obtained by the partnership. Her basis in the securities was $10,000. What amount does Wilmah have at risk in Triple-K as of January 1, 2020, if the partnership broke even (no income or loss)?
Expert Answer:
Answer rating: 100% (QA)
In determining Lansings amount at risk the following investments will be ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Preparing a statement of cash flows for the following data below. Here is the information: Presented below are the comparative balance sheets for Gordon Company at December 31, 2013, and 2012. GORDON...
-
In 2013 Gregory invested 10000 in a cattle-feeding partnership that used nonrecourse notes to purchase 100000 of feed which was used to feed the cattle and expensed If Gregory's share of the expense...
-
At January 1, 2013, Jody's basis in her partnership interest was $25,000. Her share of partnership items for the year is as follows: dividend income of $6,000 and an ordinary loss of $48,000. She...
-
Adel runs a construction equipment rental company, renting out loaders, generators, lifts and similar equipment on short term rentals. In the past, Adel has purchased the equipment he then rents out,...
-
An insurance company charges a customer an annual premium of $100, and there is a probability of 0.9 that the customer will not need to make a claim. If the customer does make a claim, the amount of...
-
In the bus topology in Figure 1.6, what happens if one of the stations is unplugged? Figure 1.6 Drop line Drop line Drop line Cable end Cable end Tap Tap Tap
-
Reconsider the data from Problem 56. What is the capital recovery cost of Model 127B? Data from problem 56 Octavia Bakery is planning to purchase one of two ovens. The expected cash flows for each...
-
Austin Enterprises makes and sells three types of dress shirts. Management is trying to determine the most profitable mix. Sales prices, demand, and use of manufacturing inputs follow: The company...
-
Using less human effort, less manufacturing space, less investment in tools, and less engineering time is the basic premise of Blank______. Multiple choice question. flexible manufacturing mass...
-
Use the from step b) to compute the monthly excess outperformance (or underperformance in case the number is negative) of Fund X. The formula is: RX - RVG (as a reminder Rx and Rvg are excess returns...
-
You have two figures a square and a circle, the circle inside the square. Compute and print the shaded area. 1- Write an algorithm for the above problem using Pseudocode. 2- Draw a flowchart for the...
-
You are a CFO of a large company and you are aware that some of your managers are overcharging on their expense reports for lunches and dinners. In some cases, you know that charges are being made...
-
BACHELOR OF BANKING AND FINACE ANS FINANCIAL RISK MANAGEMENT why did you choose to study the discipline/field at Uni that you ended up choosing? What interests you about working with us here at the...
-
A table represents the possibility of an association between hair color and eye color. Eye Color Blue Green Brown Hair Color Blonde 25 27 31 Brown 26 18 22 What is the degrees of freedom?
-
Transactions are given below answer the questions. TRANSACTIONS 1. The owner invested $94,000 in cash to begin the business. 2. Paid $19,150 in cash for the purchase of equipment. 3. Purchased...
-
1. Nykke, Inc., is considering establishing a subsidiary in Canada that would manufacture and sell sports shoes locally. The project would require an initial investment of 50 million Canadian dollars...
-
QRS Co . has four operating divisions with the following information for the most recent fiscal year: Division A Division B Division C Division D Sales $ 1 2 , 0 0 0 , 0 0 0 $ 1 4 , 0 0 0 , 0 0 0 $ 2...
-
(8%) Problem 6: A student attaches a f= 3.5 kHz oscillator to one end of a metal rail of length L = 25 m. The student turns on the oscillator and uses a piezoelectric gauge at the other end to...
-
The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2011, unadjusted trial balance of Yamiko Co., a business owned by Kumi Yamiko. Use...
-
Freema Company had no short-term investments prior to year 2011. It had the following transactions involving short-term investments in available-for-sale securities during 2011. Apr. 16 Purchased...
-
Shown here are condensed income statements for two different companies (both are organized as LLCs and pay no income taxes). Required 1. Compute times interest earned for Ellis Company. 2. Compute...
-
A car with a total mass of \(1400 \mathrm{~kg}\) (including passengers) is driving down a washboard road with bumps spaced \(5.0 \mathrm{~m}\) apart. The ride is roughest-that is, the car bounces up...
-
Figure P14.59 shows two springs, each with spring constant \(20 \mathrm{~N} / \mathrm{m}\), connecting a \(2.5 \mathrm{~kg}\) block to two walls. The block slides on a frictionless surface. The block...
-
A compact car has a mass of \(1200 \mathrm{~kg}\). When empty, the car bounces up and down on its springs 2.0 times per second. What is the car's oscillation frequency when it is carrying four \(70...
Study smarter with the SolutionInn App