Chapeter 16 assignment.xlsx - 23 Alice Betty Corl cash...

This preview shows page 1 - 2 out of 2 pages.

23CapitalAlicecash$10,000$10,000Bettyequipment$10,000FMV$10,000Adjusted basis$5,000Corlacc rec$10,000$10,00024aPartnership incomenet income$10,000write off$(1,000)$9,000bordinary incomewise they broke evenAlice$(500)income less depBetty$-Carol$9,500she has reveiv (need to s
End of preview. Want to read all 2 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
fabioambrosio
Tags
Revenue, Corporation, Generally Accepted Accounting Principles, Betty, Atlantic Coast Conference, FMV Adjusted basis

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture