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kykrilka [37]
3 years ago
6

Daniela is a 25% partner in the JRD Partnership. On January 1, JRD makes a proportionatedistribution of $16,000 cash, inventory

with a $16,000 fair value (inside basis $8,000), and accountsreceivable with a fair value of $8,000 (inside basis of $0) to Daniela. JRD has no liabilities at thedate of the distribution. Daniela's basis in JRD is $21,000. What is Daniela's basis in the distributedinventory and accounts receivable?A)$8,000 inventory, $0 accounts receivable.B)$5,000 inventory, $0 accounts receivable.C)$6,000 inventory, $1,000 accounts receivable.D)$16,000 inventory, $8,000 accounts receivable.
Business
1 answer:
Olenka [21]3 years ago
8 0

Answer: B. $5,000 inventory, $0 accounts receivable

Explanation:

Daniel's basis in JRD is $21,000

Inventory fair value is $16,000

$21,000 - $16,000 = $5,000

Accounts receivable inside basis is $0.

Inside basis is basically each partner's tax basis in the partnership.

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The best examples of early childhood development and services workplaces: a private home, a school, and a child care facility.

 

<h3>What do understand by the term "early childhood?</h3>

Early childhood, defined as the years between birth and the age of eight, is a time of rapid development with brain development at its peak.

Children are heavily influenced by their environment and the people around them throughout this era.

A private home, a school, and a child care facility can be known as institutions or facilities where daycare, monitoring, caring, and development of a child or a group of children ranging are taken care of.

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A contingency reserve is money assigned to the project and allocated for identified risks for which contingent responses are dev
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Value Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The c
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$3,504

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Catering supplies = $500 + $76 x j + $14 x m

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