- 32 -
12/31/95 12/31/96 12/31/97
Assets:
Cash $128,593 $85,057 $29,964
Adjusted basis of buildings and
other depreciable assets 362,698 267,828 477,044
Basis of other assets
Farm Services stock 134,345 137,815 102,530
Unit Retains 186,834 172,934 151,696
USWP stock -- -- 68,333
Total assets 812,470 663,634 829,567
Liabilities:
Short-term debt 734,576 988,477 1,189,635
Long-term debt 1,222,236 1,069,820 1,232,633
Total liabilities 1,956,812 2,058,297 2,422,268
On the basis of the Bitker partnership’s assets and
liabilities as of the beginning and end of each year at issue (as
agreed to by respondent) and its income (as adjusted during the
examination of the partnership return), the cash distribution to
petitioners (including the deemed distribution for payment of
petitioners’ personal expenses) is $634,830 for 1996 and $458,488
for 1997. The amounts of the distributions to petitioners are
computed as follows:
12/31/95 12/31/96 12/31/97
Assets:
Cash $128,593 $85,057 $29,964
Adjusted basis of buildings and
other depreciable assets 362,698 267,828 477,044
Basis of other assets
Farm Services stock 134,345 137,815 102,530
Unit Retains 186,834 172,934 151,696
USWP stock -- -- 68,333
Total assets 812,470 663,634 829,567
Liabilities:
Short-term debt 734,576 988,477 1,189,635
Long-term debt 1,222,236 1,069,820 1,232,633
Total liabilities 1,956,812 2,058,297 2,422,268
Page: Previous 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 NextLast modified: May 25, 2011