On January 1, X9, Gerald received his 50% profits and capital interest in High Air, LLC in exchange for $2,000 in cash and real property with a $3,000 tax basis secured by a $2,000 nonrecourse mortgage.
Answers (1)
Projects A and B are mutually exclusive. Project A has cash flows of - $10,000, $5,100, $3,400, and $4,500 for years 0 to 3, respectively. Project B has cash flows of - $10,000, $4,500, $3,400, and $5,100 for years 0 to 3, respectively.
Answers (1)