QUESTION 16 The Balance Shoot of the equal Samuel Partnership on August 31, 2020 is as follows: Cash (Adjusted Basis - 5210.000, Fax Market Value - 210.000 Unread Racelables (Adjusted Basis - 5-0. Fair Market Value - $150,000): Capital Assets (Adjusted Basis - $360,000: Far Market Value - 5510,000) (Total Assets: (Adjusted Basis 3570.000 For Market Value 5870,000): Notes Payable (Adjusted Basis - 5180,000 Fair Market Value - $180,000). Capital Accounts Joyce Capital (Adjusted Basis-S130.000 Ft Market Value - 3230 000) Dulana Capital (Adjusted Basis. $130,000: Fair Market Value - $230,000), Ruth Capital (Adjusted Basis - 5130.000 Fair Market Value - 5230,000) (Total des And Equity Capital) - (Adjusted Basis - $570,000 Fair Market Value - 5870,000). The Partnership makes a Liquidating Distribution to Joyce of Cash of $10,000. Unrealized Receivables of $50.000 and Capital Asses worth (Fair Market Value) 5170,000. The remaining Partners assume Joyce's share of the Partnership Liabilities. Joyce's basis in the distributed Capital Assets OS 50,000 S 30.000 $ -0 $120,000 all answers Save Al Answe QUESTION 16 The Balance Sheet of the equal Samuel Partnership on August 31, 2020 is as follows Cash Adjusted Basis $210,000 Fair Market Value - 5210.000)Unrealed Receivables (Adjusted 5870,000). Notes Payable (Adjusted Basis - $180,000 Fair Market Value - 5180 000), Capital Accounts Joyce Capital (Adjusted Basis - 5130 000 Fair Market Value - 230.000), Delana Capital (Adjusted Basis-S130.000. Fair Market Value - 5230.000). Ruth Capital Adjusted Basis - 5130.000 Fair Market Value $230,000) (Total Liabilities And Equity Capital Adjusted Basis - $570,000 Fair Market Value $870.000) The Partnership makes a Liquidating Distribution to Joyce of Cash of $10.000. Unazed Receivables of $50.000 and Capitales worth (Fair Market Value) $170,000. The remaining Partners assume Joyce's share of the Partnership Libes Joyce's basis in the distributed Capital Assets $ 50.000 $ 30,000 $ -0- QUESTION 16 The Balance Shoot of the equal Samuel Partnership on August 31, 2020 is as follows: Cash (Adjusted Basis - 5210.000, Fax Market Value - 210.000 Unread Racelables (Adjusted Basis - 5-0. Fair Market Value - $150,000): Capital Assets (Adjusted Basis - $360,000: Far Market Value - 5510,000) (Total Assets: (Adjusted Basis 3570.000 For Market Value 5870,000): Notes Payable (Adjusted Basis - 5180,000 Fair Market Value - $180,000). Capital Accounts Joyce Capital (Adjusted Basis-S130.000 Ft Market Value - 3230 000) Dulana Capital (Adjusted Basis. $130,000: Fair Market Value - $230,000), Ruth Capital (Adjusted Basis - 5130.000 Fair Market Value - 5230,000) (Total des And Equity Capital) - (Adjusted Basis - $570,000 Fair Market Value - 5870,000). The Partnership makes a Liquidating Distribution to Joyce of Cash of $10,000. Unrealized Receivables of $50.000 and Capital Asses worth (Fair Market Value) 5170,000. The remaining Partners assume Joyce's share of the Partnership Liabilities. Joyce's basis in the distributed Capital Assets OS 50,000 S 30.000 $ -0 $120,000 all answers Save Al Answe QUESTION 16 The Balance Sheet of the equal Samuel Partnership on August 31, 2020 is as follows Cash Adjusted Basis $210,000 Fair Market Value - 5210.000)Unrealed Receivables (Adjusted 5870,000). Notes Payable (Adjusted Basis - $180,000 Fair Market Value - 5180 000), Capital Accounts Joyce Capital (Adjusted Basis - 5130 000 Fair Market Value - 230.000), Delana Capital (Adjusted Basis-S130.000. Fair Market Value - 5230.000). Ruth Capital Adjusted Basis - 5130.000 Fair Market Value $230,000) (Total Liabilities And Equity Capital Adjusted Basis - $570,000 Fair Market Value $870.000) The Partnership makes a Liquidating Distribution to Joyce of Cash of $10.000. Unazed Receivables of $50.000 and Capitales worth (Fair Market Value) $170,000. The remaining Partners assume Joyce's share of the Partnership Libes Joyce's basis in the distributed Capital Assets $ 50.000 $ 30,000 $ -0
