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"28. Gerald received a 33% capital and profit (loss) interest in XYZ Limited Partnership (LP). In exchange for this interest, Gerald contributed a building with a FMV of $30,000. His adjusted basis in the building was $15,000. In addition, the building was"
"48. On 12/31/X4, Zoom, LLC reported a $60,000 loss on its books. The items included in the loss computation were $30,000 in sales revenue, $15,000 in qualifying dividends, $22,000 in cost of goods sold, $50,000 of Section 179 expense, $20,000 in employee "
"59. Which of the following sales is always subject to sales and use tax? A. Tax preparation services. B. Automobiles. C. Inventory. D. Food. 60. Which of the following businesses is likely to have taxable sales for purposes of sales and use tax? A. Campus"
"72. Mahre, Incorporated, a New York corporation, runs ski tours in a several states. Mahre also has a New York retail store and an Internet store which ships to out of state customers. The ski tours operate in Maine, New Hampshire, and Vermont where Mahre"
"84. Wacky Wendy produces gourmet cheese in Wisconsin. Wendy has sales as follows: Wendy is a Wisconsin Corporation and has the following operations. Wendy has nexus in Iowa, Minnesota, and Wisconsin. The Michigan sales are shipped from Wisconsin (a throwb"
"97. Mighty Manny, Incorporated manufactures and services deli machinery and distributes them across the United States. Mighty Manny is incorporated and headquartered in New Jersey. It has product sales in all 50 states. Mighty Manny service employees work"
"110. Gordon operates the Tennis Pro Shop in Blacksburg, Virginia. Tennis Pro has property as follows: Tennis Pro also rents Virginia property at an annual rent of $24,000. What is Tennis Pro's Virginia property numerator and property factor? 111. Tennis P"
"31. Under general circumstances, debt is allocated from the partnership to each partner in the following manner: A. Recourse - profit sharing ratios; nonrecourse - profit sharing ratios B. Recourse - capital ratios; nonrecourse - capital ratios C. Recours"
"44. A partnership may use the cash method despite having a corporate partner when the partnership's average gross receipts for the prior three taxable years don't exceed _. A. $500,000 B. $1,000,000 C. $5,000,000 D. Partnerships may never use the cash met"
"89. Illuminating Light Partnership had the following revenues, expenses, gains, losses, and distributions: Given these items, what is Illuminating Light's ordinary business income (loss) for the year? 90. Lloyd and Harry, equal partners, form the Ant Worl"
"96. Alfred, a 33% profits and capital partner in Pizzeria Partnership, needs help in adjusting his tax basis to reflect the information contained in his most recent Schedule K-1 from the partnership. Unfortunately, the Schedule K-1 he recently received wa"
"99. Peter, Matt, Priscilla, and Mary began the year in the PMPM General Partnership sharing profits, losses, and capital equally. They each had a tax basis at the beginning of the year of $3,000, $10,000, $8,000, and $11,000 respectively. Early in the yea"
"Problems Page 1 of 20 Print this page PROBLEMS sec.12-4TheCenterofGravity 1 Because g varies so little over the extent of most structures, any structure's center of gravity effectively coincides with its center of mass. Here is a fictitious example where "
"Review and Summary Conservative Forces A force is a conservative force if the net work it does on a particle moving around any closed path, from an initial point and then back to that point, is zero. Equivalently, a force is conservative if the net work i"
"Problems Page 1 of 8 Print this page PROBLEMS sec.1-5Length 1 Earth is approximately a sphere of radius 6.37 106 m. What are (a) its circumference in kilometers, (b) its surface area in square kilometers, and (c) its volume in cubic kilometers? Answer: (a"
"Questions Page 1 of 4 Print this page QUESTIONS 1 Which of the following describe for the SHM of Fig. 15-18a: (a) - < < -/2; (b) < < 3/2, (c) -3/2 < < -? Figure15-18Questions 1 and 2. Answer: a and b 2 The velocity v(t) of a particle undergoing SHM is gra"
"Problems Page 1 of 18 Print this page PROBLEMS sec.14-3DensityandPressure 1 A fish maintains its depth in fresh water by adjusting the air content of porous bone or air sacs to make its average density the same as that of the water. Suppose that with its "
"sec. 8-4 Determining Potential Energy Values 1 What is the spring constant of a spring that stores 25 J of elastic potential energy when compressed by 7.5 cm? Answer: 89 N/cm 2 In Fig. 8-27, a single frictionless roller-coaster car of mass m = 825 kg tops"