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Irina18 [472]
2 years ago
8

An equal partnership is formed by rita and gerry. rita contributes cash of $10,000 and a building with a fair market value of $1

50,000, adjusted basis of $55,000 and subject to a liability of $60,000. gerry contributes cash of $100,000. what is the partnership's basis in the building contributed by rita?
a. $55,000
b. $60,000
c. $90,000
d. $150,000
e. none of the above
Business
1 answer:
wariber [46]2 years ago
4 0
Given:
<span>Rita contribution:
cash of $10,000
building with a fair market value of $150,000, adjusted basis of $55,000 and subject to a liability of $60,000

</span><span>Gerry contribution:
cash of $100,000
</span>
<span>The partnership's basis in the building contributed by Rita is a. $55,000.

The amount corresponds to the adjusted basis. It is already the adjusted value of the building after the fair market value and the corresponding liabilities have been considered in the computation of the adjusted building value.</span>
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The position power makes flow of communication vertical, that is, from downward to upward and vice versa, which creates a sense of respect and fear among the subordinate towards their seniors.

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Answer:

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Denmark has a comparative advantage in production of fish.

France will gain from trade as long as it gets more than 3 pounds of fish for each pane of stained glass.

Denmark can gain from trade if it gets more than 0.09 pane of stained glass for each pound of fish it exports.

4 pounds of fish per pane of stained glass.

7 pounds of fish per pane of stained glass.

Explanation:

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France's opportunity cost of producing a pane of stained glass

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