Please Solve In 10mins I will Thumbs-up municipar tiona interest- w.HOw mucn orainary ousiness income uosS) Wil ugnt Line asocate 10 Nm on ner acneouie K-1 Tor KAMutiple Choice(S15.000)06$2.000$9.000SI5.000None of the choices will be reported as ordinaty business ncome (loss on Schedue K1 Kim recelved a one third profes and capital interest in Bright Line. LLC, in exchange for legal services she provided. In addeion to her share of partnershp profits orlosses, she recelves a $20.000 quarantéed payment each year for ongoing services she provides to the LLC. For X4. Bright Line reported the folowing tevenuesand expenses: sales-$140,000, cost of goods sold-$80,000, depreciation expense- $46,000, long-term capital gains-$5.000, qualitied dividends-$5.000. andmunicipal Bond interest-$3.000. How much ordinary business income loss) wll Bright Line allocate to Kam on her Schedule K.1 for X4?Multiple Choices.00057000$9.000$15.000Prey16 of 50Next >

Introduction: A partnership is a type of business in which two or more persons enter into a legal…

Kim recelved a one third profits and capital interest in Bright Line. LLC, n echange for legal services she provided. In addeion to her share of partnership profts or losses, she recelves a $20.000 guaranted payment each year for ongoing services she provides to the LLC. For X4. Bright Line reported the following revenues and expenses sales-$140.000, cost of goods sold-$80,000, depreciation expense-$46,000, kong-term capital gains-$5000, qualitied dividends-$5.000. and municipal Bond interest-$3.000. How much ordinary business income toss) will Bright Line allocate to Kim on her Schedule K.1 for X4? Multiple Choice $7.000 $9.000

Kim recelved a one third profits and capital interest in Bright Line. LLC, n echange for legal services she provided. In addeion to her share of partnership profts or losses, she recelves a $20.000 guaranted payment each year for ongoing services she provides to the LLC. For X4. Bright Line reported the following revenues and expenses sales-$140.000, cost of goods sold-$80,000, depreciation expense-$46,000, kong-term capital gains-$5000, qualitied dividends-$5.000. and municipal Bond interest-$3.000. How much ordinary business income toss) will Bright Line allocate to Kim on her Schedule K.1 for X4? Multiple Choice $7.000 $9.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

= Chapter 09 Prot x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.m pter 09 Problem Set O 50:00 bed ok Question 10 - Chapter 09 Probler X nces Year Cash Flow 0 1 2 3 -$ 7,300 3,000 5,600 3,100 Saved a. What is the profitability index for the cash flows if the relevant discount rate is 11 percent? Profitability index M b. What is the profitability index for the cash flows if the relevant discount rate is 14 percent?
Purchase InvoiceFrom Repair Experts, $875 plus HST, for maintenance and repairs to the company’s equipment. what is journal?
If your answer is 41719.11 it's wrong
LATION Saved V Mailings Review View Help Grammarly lity: Investigate O Search (Alt+Q) The balance on a credit card, that charges a 10.5% APR interest rate, over a 1 month period is given in the following table: I Days 1-5: $200 (initial balance) Days 6-20: $350 ($150 purchase) Days 21-30: $150 ($200 payment) What is the finance charge, on the average daily balance, for this card over this 1 month period? finance charge = $ [?] Round to the nearest hundredth. DELL Enter
SOLVE STEP BY STEP IN DIGITAL FORMAT dont use excel, dont use IA 5.28 Find the amount of 18 payments that the anesthetist Joaquín Murillo must make at the beginning of each bimonthly period, if the amount he deposits bimonthly is $1,985. The interest is 15% per year, compounded bimonthly.
5. Fill in all of the blanks
Apo Don't upload any image please
Current Attempt in Progress The Accounts Receivable account has a beginning balance of $48900 and an ending balance of $69600. If total sales on account were $39500 for the year, what were the total collections on account? $69600 O $79000 O $18800 O $60200 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air DII DD 000
How much would you need to deposit in an account each month in order to have $20,000 in the account in 9 years? Assume the account earns 6% interest. Submit Question .com/course/showcalendar.php?cid=179278 Q Search
Please help me solve it