Partnership Basis Partnerships Taxation Basis Paper

Unicorn and Zebra form the UZ Co., a partnership. Unicorn contributes inventory with fair market value of $650,000 and an adjusted basis of $200,000 and cash of 350,000 for a 50% interest in the partnership. Zebra contributes computers, hardware, and proprietary software with a fair market value of $1,000,000 and a tax basis of $300,000 for a 50% interest in the partnership. The computer hardware, which was purchased from IBM on credit, is subject to an equipment loan of $300,000.

Accounting Responsibility in Business Management & Administration Discussion

When dealing with issues such as professional ethics, the stakes can be high. This is why such care is taken to painstakingly clarify terms such as integrity and independence in the AICPA Professional Code of Conduct, as they could otherwise be open to interpretation. In this week’s discussion, you will find illustrative examples of these key principles to share and discuss with your peers.

Accounting Unique REA Diagrams Discussion

Discuss why there cannot be one basic REA diagram that would work for all businesses. What might be some areas that could be similar from business to business? Select either the company for which you work or one that interests you. Describe the business processes that are unique to that company or industry that would require special handling in an REA diagram.

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Religion is one of the oldest disciplines in the world; in fact, religion is as old as humanity. It acts as a source of inspiration, and provides meaning to people’s lives. Additionally, it is a record of people’s history, culture, philosophy, art, literature, law and many more. Every society across the world believes in a deity and practices religion; therefore, it is an extremely wide course, making it one of the most difficult courses in university.

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