Дрессировка и обучение собак

Дрессировка и натаска собак

Мы организуем индивидуальные занятия с собаками на площадке и с выездом на дом по Москве и Московской области. В нашем кинологическом центре «Анубис» только профессиональные кинологи и инструкторы, которые добились больших успехов в дрессировке собак и щенков с трех месяцев. Программа обучения для каждой собаки разрабатывается индивидуально, в среднем курс дрессировки составляет 7-12 занятий.


Дрессировка производится по договоренности в удобный для Вас день и время;

* Подбирается особая методика занятий под уровень подготовки, возраст, породу и характер Вашей собаки;
* На занятиях дрессировки можно включить нестандартные команды и отработку их на специализированной площадке;
* В процессе дрессировки производится работа над коррекцией поведения именно Вашей собаки;
* Как результат, Вы получаете навыки, необходимые только Вашей собаке.

Дополнительную информацию об услугах и ценах КЦ «Анубис» можно найти на страницах сайта http://vipdressirovka.ru/ или получить у инструктора по телефону: 8 (916) 110-48-74 Николай.

Website Design Services – How to Select Best Service and Different Layers Of Website Design

website-design servicesThere was a time when a website was regarded as a collection of documents. Today, a website is more of a web of data that is given a new shape and form through the use of a new set of tools, which remix existing micro-content to offer superior interactive and social dynamism to the website. A website design
company, Australia, today can no longer afford not to offer the gamut of website design services to its clients whether they want a Web 2.0 based content or animated website content.

The Various Layers of Website Design

There are three main layers for all kinds of websites and their designs. You might want an ecommerce website or a social website or even a personal website. In their entirety they have the same layering. The First layer is the content or structure layer that is created by using HTML or XHTML codes. The Second layer is the style of presentation and is the front end of the website or how the website looks to the users. The Third layer is the behavioral layer and that dictates the behavior of the web pages meaning, its interactions, and abilities like its dynamism etc. For e.g. websites using the Web 2.0 designs are configured for social interaction.

The Web as the Platform

Today a large number of website design services Australia, are using the web as the platform to build their website. This essentially means that as the web is increasingly being used as a platform for content interaction, it is having its due impact on the content. A web 2.0 website design specifically caters to a social environment that wants to interact with one another at multiple levels.

The Choice of an Expert

You won’t have to search far and wide to find a website design company, Australia that offers you everything you need, when it comes to website design. Apart, from the various platforms that one has to work on, the process of website design also involves a lot of contribution by visual imaging software. They would help in the creation of the visuals that you can find on a site, that would include logos, flash animation etc.

Therefore, it is of utmost importance that your choice of an expert must be a good one. You must choose somebody who can understand your needs and requirement to the T and be able to deliver on his/her promise. This aspect remains true for a company also. The key to a successful internet presence is efficacy and overall deliverability. You must research all your options before you pick the website design services, Australia, you think will be the best for you. Your choice will either make or break your website.

Nintendo Switch! New Console Anouncement March 2017 Backed by Nvidia


Introducing Nintendo Switch! In addition to providing single and multiplayer thrills at home, the Nintendo Switch system also enables gamers to play the same title wherever, whenever and with whomever they choose. The mobility of a handheld is now added to the power of a home gaming system to enable unprecedented new video game play styles.

Nintendo just unveiled its next console, now officially known as the Nintendo Switch. The Switch features an interesting controller scheme called the “Joy-Con.”

Nintendo Switch Console YouTube>

As seen in the video, each Switch seems to come with a Joy-Con that consists of two halves, the Joy-Con (R) and the Joy-Con (L), that slot into the sides of the Switch console.





From the press released photos above Nintendo is marketing thier new system for the mobile gamer. The system supports a modular controller, using the two Joy-Con sides together as one controller, the individual Joy-Con pieces can be used as separate controllers on a single device for local split-screen multiplayer.

Tech Specs have not yet been released by either Nintendo or Nvidia, which we are assuming the console will support some sort of VR Format. As far as Blu Ray HDR, or any type of UHD outputs, Nintendo has yet to unveil any specs to the console. Here is the concerning piece to the Nintendo puzzle of struggles…Nintendo has always marketed to a specific fan base, which is great! However, in terms of modern day gaming where HDR, UHD and 4K gaming formats taking market holds from Sony and Microsoft, Nintendo needs to compete in this realm. Visuals is and will be the capturing point for any console developer as PC has already taken the leaps and bounds of 4k and now 5k gaming visuals. Sound is another breakthrough since CES 2016. The introduction to superior sound quality and bit/rate is Dolby Atmos. To my point, Nintendo has in the past delivered but sometimes fall short to the Microsoft and Sony market contenders in terms of tech specs and hardware features.

Whereas Nintendo has at times struggled in the past with third-party support, for its upcoming Switch console (née NX), the company has announced dozens of publishers, developers, and middleware companies pledging to support the new platform. All the major third-party publishers are here, including Activision, Electronic Arts, Ubisoft, and Bethesda (Skyrim, or something that looked very similar to Skyrim, appeared in the Switch debut trailer).


Nintendo is careful to say that these are just “some” of the partners it has, many of which haven’t yet announced specific plans. Nintendo Switch is scheduled to launch March 2017, just months from now.

The Orbiting Press

Download High Quality Filmes Torrents!!


Many beginners (and not only for beginners) Internet users often hear phrases from the series: “Yes, it’s a torrent is“, “Download torrent of” and so on. And what a torrent is such that there is, and most importantly, how to download from there – that these issues are very concerned about users that anything like this does not come across, but already very eager to face. Free Filmes Torrent !!!

So let’s see what torrents, what are and how to use them.

Torrent (BitTorrent, uTorrent) – is a protocol for exchanging files between users. The main feature of this protocol is that users do not download files from some server, and each other – in fact, directly from the PC. In this scheme the exchange is organized very clever and effective way: the protocol will choose the fastest source, as long as it is something to happen (or turn off the cutting speed is reduced) – protocol selects another source. In addition, the files are downloaded is not consistent, and different segments, which makes it very flexible to arrange distribution: once you start something to download, then at the same time are automatically included in the distribution, allowing other users to download pieces of those files that you have uploaded yourself.
Here it is important to understand the next moment. On the server, which organizes the distribution of a wide variety of files (called torrent trackers), physically no files are lies. All files are for users – just like you. The server only provides a list of files and laid out as if coordinated distribution. Therefore, there are times that the file is in the list such as it is, and download it does not work, because none of its members does not sound. However, with the number of people that are involved in the process of file sharing sweet, such cases are extremely rare. In addition, it often happens that at one point there is no distribution, and later – for example, at night – connect some users with this file and you can download it already.

High Quality Filmes Torrent

Filmesetorrent.com! This site was created for you who like to download Filmes Torrent or watch them online, in high definition and intuitively. To download the movies you need a Torrent client, we recommend uTorrent for this task because it is already a well established application. To watch movies online you do not need to download anything, just to play, grab some popcorn and enjoy it, we have options to download movies dubbed or subtitled (And those who have not yet caption you will know). Oh, and the site is fully adapted to your phone or tablet. So forget the TV and download movies and TV shows come with us!

Prevent Stretch Marks With A Natural Stretch Mark Cream

Determining which stretch mark cream will work for you can be a daunting task. However, researching the better known stretch mark treatments will get you most of the way there. It is not uncommon for manufacturers to make wild claims about their products and how they can fade stretch marks in a matter of days. And in extreme cases, some claim that there stretch mark product will cure all of your skin care problems.

Can You Totally Eliminate Stretch Marks?

Short of radical cosmetic surgery, the short answer is NO. Even the best stretch mark creams are limited to only fade stretch marks which will make the affected area less noticeable. The good news is that the more effective stretch mark lotions can reduce your stretch marks to where they are almost invisible. However, the common dimple where the skin has torn will be left.

The strategy with most creams or lotions is that of regenerating the damaged skin area with newer and lighter colored skin cells, which will blend better with area surrounding the stretch mark.
The reality about stretch marks is if you want to totally remove them, you must pursue cosmetic surgery. The secret of this surgical procedure is that the damaged skin must actually be removed, which completely eliminates the stretch marks. Besides the high cost of the procedure, cosmetic surgery is invasive and has inherent risks.

How Can You Prevent Stretch Marks?

As a result of discussions with a number of mothers who used a quality stretch mark cream in an attempt to prevent stretch marks during pregnancy, the results were amazingly positive. Though some still developed stretch marks, genetics most probably played a role in these situations. The vast majority of these women believed that the treatments consisting of daily applications of moisturizers and stretch mark creams made a meaningful difference in the actual number and the severity of their stretch marks.
Based on findings from independent clinical trials, the effectiveness of using high quality stretch mark creams during pregnancy was proven without a doubt. The studies showed that the number of stretch marks that developed on pregnant women were approximately 3 times lower when a natural stretch mark cream was used, as directed, as part of a prevention program. The conclusion that can be drawn was that a natural stretch mark cream actually penetrated the vulnerable skin while working its way through to the deeper layers. This process was responsible for increasing the flexibility and suppleness of the skin from within, which allowed it to better cope with stress and strain put on it during the period of pregnancy.

Could A Stretch Mark Cream With A Natural Formulation Be the Answer?

What we have found in our research based on consumer feedback and price considerations, the best stretch mark creams for the prevention of stretch marks during pregnancy are two products manufactured by very reputable companies – Barmon and Revitol.

The very affordable Barmon Stretch Mark Cream uses an all-natural formulation that is perfect for stretch mark prevention. It has been on the market for over 30 years and has acquired a large following of very satisfied customers, the majority of whom were pregnant mothers.

The Revitol Stretch Mark Prevention Cream is specifically formulated for use by pregnant women. It contains only natural ingredients, of which many are naturally present in our bodies already. This cream has been thoroughly tested and is designed to be completely safe for all stages of pregnancy.
One of the major benefits of a natural stretch mark cream is the absence of side effects which are commonly associated with topical applications. Of course, as in any substance applied to the skin, there will be a very minor number of users who may experience minor skin irritation, not unlike an allergic reaction. However, this is generally the case with any topical lotion or cream.

As you can see, for a very small investment, an individual can utilize natural stretch mark cream products and dramatically reduce the occurrence of stretch marks during periods of rapid weight change. In some cases, stretch marks can be avoided altogether. Of course, there are other products that claim they will prevent stretch mark development, but the costs and risks can be considerably higher.

ACCT 525 Week 4 Assignment Solution

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ACCT 525 Week 4 Assignment Solution

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Read “It’s Time for Principles-Based Accounting Ethics” which can be accessed through the DeVry online library. In 3-4 pages (12-pt type, double-spaced) answer the following questions:
1. Do you agree with the authors that a code of ethics should do more than establish minimum acceptable standards? Why or why not?
2. Describe the five cardinal virtues of professional accountants that the article’s authors discuss.
3. We’ve talked about rules-based versus principles-based accounting standards. Should we have rules-based ethics standards? Why or why not? Should they tell you exactly what to do in specific ethical situations?
4. Compare and contrast the AICPA’s Code of Professional Conduct and the IFAC Code of Ethics for Professional Accountants.

ACCT 505 Course Project 2: Hampton Company

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ACCT 505 Course Project 2: Hampton Company

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Capital Budgeting Decision

Hampton Company: The production department has been investigating possible ways to trim total production costs. One possibility currently being examined is to make the cans instead of purchasing them. The equipment needed would cost $1,000,000, with a disposal value of $200,000, and would be able to produce 27,500,000 cans over the life of the machinery. The production department estimates that approximately 5,500,000 cans would be needed for each of the next 5 years.
The company would hire six new employees. These six individuals would be full-time employees working 2,000 hours per year and earning $15.00 per hour. They would also receive the same benefits as other production employees, 15% of wages in addition to $2,000 of health benefits.
It is estimated that the raw materials will cost 30¢ per can and that other variable costs would be 10¢ per can. Because there is currently unused space in the factory, no additional fixed costs would be incurred if this proposal is accepted.
It is expected that cans would cost 50¢ each if purchased from the current supplier. The company’s minimum rate of return (hurdle rate) has been determined to be 11% for all new projects, and the current tax rate of 35% is anticipated to remain unchanged. The pricing for the company’s products as well as number of units sold will not be affected by this decision. The unit-of-production depreciation method would be used if the new equipment is purchased.
1. Based on the above information and using Excel, calculate the following items for this proposed equipment purchase.
o Annual cash flows over the expected life of the equipment
o Payback period
o Simple rate of return
o Net present value
o Internal rate of return
The check figure for the total annual after-tax cash flows is $271,150.
2. Would you recommend the acceptance of this proposal? Why or why not? Prepare a short, double-spaced paper in MS Word elaborating on and supporting your answer.

ACCT 505 Course Project 1

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ACCT 505 Course Project 1

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You have just been contracted as a budget consultant by LBJ Company, a distributor of bracelets to various retail outlets across the country. The company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash.
You have decided to prepare a cash budget for the upcoming fourth quarter in order to show management the benefits that can be gained from proper cash planning.You have worked with accounting and other areas to gather the information assembled below.
The company sells many styles of bracelets, but all are sold for the same $10 price. Actual sales of bracelets for the last three months and budgeted sales for the next six months follow:
July (actual) 20,000
August (actual) 26,000
September (actual) 40,000
October (budget) 70,000
November (budget) 110,000
December (budget) 60,000
January (budget) 30,000
February (budget) 28,000
March (budget) 25,000

The concentration of sales in the fourth quarteris due to the Christmas holiday. Sufficient inventory should be on hand at the end of each month to supply 40% of the bracelets sold in the following month.

Suppliers are paid $4 for each bracelet. Fifty-percent of a month’s purchases is paid for in the month of purchase; the other 50% is paid for in the following month. All sales are on credit with no discounts. The company has found, however, that only 20% of a month’s sales are collected in the month of sale. An additional 70% is collected in the following month, and the remaining 10% is collected in the second month following sale. Bad debts have been negligible.
Monthly operating expenses for the company are given below:
Variable expenses:
Sales commissions 4% of sales
Fixed expenses:
Advertising $220,000
Rent $20,000
Salaries $110,000
Utilities $10,000
Insurance $5,000
Depreciation $18,000
Insurance is paid on an annual basis, in January of each year.
The company plans to purchase $22,000 in new equipment during October and $50,000 in new equipment during November; both purchases will be for cash. The company declares dividends of $20,000 each quarter, payable in the first month of the following quarter.

Other relevant data is given below:
Cash balance as of September 30 $74,000
Inventory balance as of September 30 $112,000
Merchandise purchases for September $200,000
The company maintains a minimum cash balance of at least $50,000 at the end of each month. All borrowing is done at the beginning of a month; any repayments are made at the end of a month.
The company has an agreement with a bank that allows the company to borrow the exact amount needed at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. At the end of the quarter, the company will pay the bank all of the accrued interest on the loan and as much of the loan as possible while still retaining at least $50,000 in cash.
Prepare a cash budget for the three-month period ending December 31. Include the following detailed budgets:
1. a. A sales budget, by month and in total.
2. b. A schedule of expected cash collections from sales, by month and in total.
3. c. A merchandise purchases budget in units and in dollars. Show the budget by month and in total.
4. d. A schedule of expected cash disbursements for merchandise purchases, by month and in total.
5. A cash budget. Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $50,000.

ACCT 429 Week 7 Research Project

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Performing tax research is an importa
nt part of tax practice. As outlined in Chapter 2 of your
textbook, tax law is developed through a number of different governmental entities. Congress
enacts the tax Code as statutory law. The Treasury Department is tasked with the
implementation of the
tax Code and, in the course of doing so, develops a number of
documents and materials to aid taxpayers in understanding the Treasury Department’s
interpretation of the code, including the Regulations. In turn, the Internal Revenue Service
(“IRS”) has the
direct responsibility for
implementing the tax Code and in assessing and
collecting the applicable tax from taxpayers. In the course of its duties, it also develops a
number of materials, including Revenue Rulings, Revenue Procedures, and Private Letter
Rulings, in which it sets forth its understanding of the tax laws. Finally, the federal courts
decide tax cases in which taxpayers contest the government’s interpretation of the tax laws. In
deciding these cases, the federal courts set forth binding inte
rpretation of what the tax laws
provide. All of these materials (often called primary resources) are important resources in
performing tax research. On top of these primary sources of tax law, there are a number of
secondary materials provided by various
organizations and publishers. These secondary
materials offer editorial analysis of the tax laws (somewhat akin to a Cliffs’ Notes
on tax laws)
to help tax practitioners understand the tax laws and apply them in given situations.
Just as with the first
project that was submitted in Week 3, t
he following assignment has
) different graded elements. Two of them require you to prepare tax file memoranda, while
remaining element requires
you to compose an essay answering the question asked. AS
The first two assignments require you to compose tax file memoranda. In each of these
problems, you will be given a fact pattern or issue that requires you
to decide
or analyze
a particular issue of tax law. You will also be provided with a number of the primary
sources discussed above
, Revenue Rulings, cases)
on that issue of tax law.
You will
then compose a tax file memoranda concerning that taxpayer.
You can find det
ails as to
how to compose such a memorandum in Chapter 2 of your text, including a sample text
file memorandum in Figure 2.6 on page 2

26 of your text. Use the materials provided to
determine the proper solution to the taxpayer’s issues. In particular, d
iscuss the
materials in some detail in the “Analysis” section of the tax file memorandum. THIS IS
IMPORTANT! The most important part of any tax file memorandum is the thoroughness
of the analysis defending the conclusion reached in the memorandum. Accor
most of the points awarded on the assignment are allocated to the “Analysis” sect
ion of
the memorandum. In assessing these assignments, consideration will be given to,
among other factors, (1) your accuracy in summarizing the relevant facts; (2) t
accuracy of your identification and statement of the “Issue” presented by the problem;
(3) the accuracy of your “Conclusion;” (4) the thoroughness and quality of your analysis
Research Project (Set #
DeVry University Acct 429
offered in the “Analysis” section of your memorandum; and (5) the overall
fessionalism of your memorandum (
presentation, use of proper grammar,
proper spelling, and quality of communication).
The remaining assignment require
you to perform some rese
arch on the Internet to
find relevant materials and to
analyze these materials.
As previously noted, in
performing this research, you may not take advantage of any resources other than those
specifically permitted by the assignment, including assignments
previously completed by
other students or other similar materials.
You will then complete an essay answering
the question or questions presented by
assignment. Your submission will be graded
on a number of factors, including (1) your ability to loca
te relevant research and
materials on the Internet; (2) your ability to analyze these resources; (3) your ability to
draw conclusions from these resources and to defend these conclusions with analysis of
the research and materials located; and (4) the over
all professionalism and content of
your essay (
presentation, use of proper grammar, proper spelling, and quality of
Please note that these assignments are worth a significant portion of your grade. As
such, you
should take them seriously, and leave yourself enough time to complete them. Do not wait
until the last weekend to begin these assignments. If you do, it will be very difficult for you to
submit quality responses to each of the four questions o
r problems posed. Please also note
that preparing these answers conscientiously will help you in preparing for the final
examination, given that you may be required to perform similar analyses on the exam. Should
you have a question, please ask your inst
ructor. Good luck!
Research Project (Set #
DeVry University Acct 429
As we learned in Week 4, the Code allows taxpayers to take a deduction for the cost of meals
when taxpayers have been deemed
to be “away from home” for tax purposes. This
determination can be difficult. Two separate clients came to you with questions as to whether
they are entitled to take a deduction for the cost of meals incurred during a particular trip. The
facts pertaini
ng to each are:
Tracey is a sales representative for a national pharmaceutical company. She has a
rather large sales territory, and she makes her rounds to her customers using a

owned car over a 16

to 19

hour period of time. During these one

business trips, Tracey will pull over in a suitable location (such as a park or a rest
stop) and take a short nap in the backseat of her automobile.
Mark captains a ferryboat. This ferryboat carries tourists on roundtrips from Seattle
to Victoria and
back, each trip of which lasts from 15 to 17 hours and provides for a

to 7

hour layover in Victoria. During the layover, Mark typically takes a four

nap on a cot that he has stored in the pilothouse of the ferryboat.
Under each of these circumstan
ces, if the taxpayer entitled to deduct the cost of meals
purchased during the trip at issue?

ACCT 424 Week 8 Final Exam Answers

ACCT 424 Week 8 Final Exam Answers

ACCT 424 Week 8 Final Exam Answers

1. (TCO 1) Hunter and Warren form Tan Corporation. Hunter transfers equipment (basis of $210,000 and fair market value of $180,000), and Warren transfers land (basis of $15,000 and fair market value of $150,000) and $30,000 cash. Each receives 50% of Tan’s stock. Which happens as a result of these transfers? (Points : 5)
Hunter has a recognized loss of $30,000; Warren has a recognized gain of $135,000.
Neither Hunter nor Warren has any recognized gain or loss.
Hunter has no recognized loss; Warren has a recognized gain of $30,000.
Tan Corporation has a basis in the land of $45,000.
None of the above

2. (TCO 1) Samantha transferred land worth $200,000 (basis of $40,000) to Lava Corporation, an existing entity, for 300 shares of its stock. Lava Corporation has two other shareholders, Timothy and Brett, each of whom holds 50 shares. Which happens with respect to the transfer? (Points : 5)
Samantha has no recognized gain.
Lava Corporation has a basis of $200,000 in the land.
Samantha has a basis of $200,000 in her 300 shares in Lava Corporation.
Both B and C
None of the above

3. (TCO 2) Pelican Inc., a closely held corporation (not a PSC), has a $350,000 loss from a passive activity, $135,000 of active income, and $160,000 of portfolio income. How much is Pelican’s taxable income? (Points : 5)

4. (TCO 2) Silver Corporation has average gross receipts of $5.7 million, $4.6 million, and $4.8 million for the last three years, respectively. Silver is _____. (Points : 5)
not subject to the corporate income tax
a small corporation with respect to the AMT
not subject to the AMT
not a small corporation with respect to the AMT
None of the above

5. (TCO 3) As of January 1, Everest Corporation has a deficit in accumulated E & P of $75,000. For tax year, current E & P (all of which accrued ratably) is $40,000 (prior to any distribution). On July 1, Everest Corporation distributes $60,000 to its sole, noncorporate shareholder. Which is the amount of the distribution that is a dividend? (Points : 5)
None of the above

6. (TCO 3) Parrot Corporation has accumulated E & P of $40,000 on January 1, 20×1. In 20×1, Parrot has current E & P of $45,000 (before any distribution). On December 31, 20×1, the corporation distributes $120,000 to its sole shareholder, Michael (an individual). Which is Parrot Corporation’s E & P as of January 1, 20×2? (Points : 5)
None of the above

7. (TCO 4) Cardinal Corporation has 1,000 shares of common stock outstanding. John owns 300 of the shares, John’s grandfather owns 200 shares, John’s daughter owns 300 shares, and Redbird Corporation owns 200 shares. John owns 60% of the stock in Redbird Corporation. How many shares is John deemed to own in Cardinal Corporation under the attribution rules of §318? (Points : 5)
None of the above

8. (TCO 5) Francis exchanges her 20% interest in Beryl Corporation for 10,000 shares of Pyrite Corporation (value $200,000) and $40,000 cash. Francis’s basis in her Beryl stock is $95,000. The accumulated earnings of Beryl are $325,000, and the accumulated earnings of Pyrite are $225,000 at the time of the reorganization. How does Francis treat this transaction for tax purposes? (Points : 5)
No gain is recognized by Francis in this reorganization.
Francis reports a $40,000 recognized dividend
Francis reports a $40,000 recognized capital gain.
Francis reports a $35,000 recognized dividend and a $5,000 capital gain.
None of the above

9. (TCO 6) How are the members of a consolidated group affected by computations related to E & P? (Points : 5)
E & P is computed solely on a consolidated basis.
Consolidated E & P is computed as the sum of the E & P balances of each of the group members.
Members E & P balances are frozen as long as the consolidation election is in place.
Each member keeps its own E & P account.
None of the above

10. (TCO 11) Which statement, if any, does not reflect the rules governing the negligence accuracy-related penalty?(Points : 5)
The penalty rate is 20%.
The penalty is imposed only on the part of the deficiency attributable to negligence.
The penalty applies to all federal taxes, except when fraud is involved.
The penalty is waived if the taxpayer uses Form 8275 to disclose a return position that is reasonable, though contrary, to the IRS position.
None of the above

1. (TCO 7) On January 1 of the current year, Rachel and Julio form an equal partnership. Rachel makes a cash contribution of $80,000 and a property contribution (adjusted basis of $110,000, fair market value of $80,000) in exchange for her interest in the partnership. Julio contributes property (adjusted basis of $120,000, fair market value of $160,000) in exchange for his partnership interest. Which statement is true concerning the income tax results of this partnership formation? (Points : 5)
Rachel has a $160,000 tax basis for her partnership interest.
The partnership has an $80,000 adjusted basis in the property contributed by Rachel.
Rachel recognizes a $30,000 loss on her property transfer.
Julio has a $120,000 tax basis for his partnership interest.
None of the above

2. (TCO 7) Samantha and Rebecca are equal partners in the S&R Partnership. On January 1 of the current year, each partner’s adjusted basis in S&R was $240,000. During the current year, S&R borrowed $180,000 for which Samantha and Rebecca are personally liable. S&R sustained a net operating loss of $30,000 in the current year ended December 31. If liabilities are shared equally by the partners, which is each partner’s basis in her interest in S&R on January 1 of the next year? (Points : 5)
None of the above

3. (TCO 7) Naomi contributed property ($80,000 basis and fair market value of $120,000) to the ABC Partnership in exchange for a 50% interest in partnership capital and profits. During the first year of partnership operations, ABC had net taxable income of $60,000 and tax-exempt income of $56,000. The partnership distributed $24,000 cash to Naomi. Her share of partnership recourse liabilities on the last day of the partnership year was $32,000. Which is Naomi’s adjusted basis (outside basis) for her partnership interest at year-end? (Points : 5)
None of the above

4. (TCO 8) During 20×2, Houston Nutt, the sole shareholder of a calendar-year S corporation, received a distribution of $16,000. On December 31, 20×1, his stock basis was $4,000. The corporation earned $11,000 ordinary income during the year. It has no accumulated E & P. Which statement is correct? (Points : 5)
Nutt recognizes a $1,000 LTCG.
Nutt’s stock basis will be $2,000.
Nutt’s ordinary income is $15,000.
Nutt’s return of capital is $11,000.
None of the above

5. (TCO 8) Which statement is correct with respect to an S corporation? (Points : 5)
There is no advantage also to elect § 1244 stock.
An S corporation can own 85% of an insurance company.
An estate may be a shareholder.
A voting trust arrangement is not available.
None of the above

6. (TCO 9) Which reduces a shareholder’s S corporation stock basis? (Points : 5)
Depletion in excess of basis of property
Illegal kickbacks
Nontaxable income
None of the above

7. (TCO 9) Matt and Hillary are husband and wife, and live in Pennsylvania. Using joint funds, in 1990 they purchase an insurance policy on Matt’s life and designate their daughter, Sandra, as the beneficiary. The policy has a maturity value of $2,000,000. Matt dies first and the insurance proceeds are paid to Sandra. As to the proceeds, (Points : 5)

8. (TCO 10) The trustee of the Washington Trust is not required to distribute all of the current-year annual accounting income of the trust to its sole beneficiary, Betty. Which is the trust’s personal exemption? (Points : 5

9. (TCO 10) The Jain Trust is required to pay its entire annual accounting income to the Daytona Museum, a qualifying charity. Which is the trust’s personal exemption? (Points : 5)

10. (TCO 10) Pam makes a gift of land (basis of $313,000; fair market value of $913,000) to her granddaughter, Tracy. As a result of the transfer, Pam paid a gift tax of $45,000. Which is Tracy’s income tax basis in the land? (Points : 5)