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stira [4]
2 years ago
7

Partner Beth has a basis of $10,000 in a partnership at the beginning of the year. She receives $6,000 in cash distributions, he

r distributive share of income is $5,000, and she receives a land distribution with a basis of $8,000 (FMV $20,000). What is Beth’s partnership interest basis at the end of the year?
a. $0
b. $1,000
c. $9,000
d. $10,000
Business
1 answer:
Elan Coil [88]2 years ago
4 0

Answer:

b. $1,000

Explanation:

Basis at the beginning of the year $10,000

Less cash received $6,000

=$4,000

Distributive share of income is $5,000

Less land distribution with a basis of $8,000

=$3,000

Hence:

$4,000-$3,000

=$1,000

Therefore Beth’s partnership interest basis at the end of the year will be $1,000

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Answer:

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Explanation:

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In unregulated monopoly a basic condition for efficiency is violated because price is greater than marginal cost (P > MC).

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Answer:

Correct option is D

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