T. palms has a basis of $20,000 for her one-third interest in a partnership. the partnership has no liabilities, cash of $22,000, and property with a partnership basis of $38,000 and fair market value of $44,000. for her one-third interest, palms receives the cash of $22,000. if the partnership elects sec. 754 optional basis adjustment, what is the basis of the retained partnership property?

Answers

Answer 1

Answer: $40000

Explanation:

The following can be deduced from the question

The Fair market value of Property = $44,000

Gain on the property = $44000 - $38000 = $6,000

Share of T. Palms = ⅓ × $6000 = $2000

Therefore, the basis of the retained partnership property will be:

= $44000 - $6000 + $2000

= $40000


Related Questions

"Analyse and discuss the strategic opportunities and constraints faced by the Board and Executive Management when planning the future direction of the organisation"

Answers

Explanation:

A transition of direction is always a challenging task in an organization, since this activity must be carried out gradually, so that the strategic planning is revised and aligned with the vision of the future direction.

There are several opportunities added to a new organizational direction, such as the attention of new investors and the possibility for the organization to receive a new executive and strategic vision, which can be essential for innovation and the effective positioning of a company in the market. The challenges are always to align the company's current operations and action plans with the planning of the future direction, since systematic changes must occur gradually so as not to harm the present actions and the work of the employees, but when the transition is made in a planned and gradual way, it can mean more benefits than disadvantages for organizations.

Crest toothpaste has selected new moms as their target market. In the process of positioning their new product BabySafeToothpaste, Crest will adjust its marketing mix variables in order to give the target market Group of answer choices More features than the competition offers. A more flexible supply chain strategy A perceptual map of the toothpaste product category A clear, distinctive, and desirable understanding of BabySafe Toothpaste relative to competing products. Lower prices than the competitors offer

Answers

Answer:

ok

Explanation:

Crest will adjust its marketing mix variables in order to give the target market : A clear, distinctive, and desirable understanding of BabySafe Toothpaste relative to competing products.

Marketing mix variables

Crest will make use of product differentiation for the target market by making use of  different marketing mix activities such as:

AdvertisingProduct features

As this will enables  to help consumers to know that the product is different and better than  other competing products in the market.

Therefore Crest will adjust its marketing mix variables in order to give the target market : A clear, distinctive, and desirable understanding of BabySafe Toothpaste relative to competing products.

Learn more about Marketing mix variables here: https://brainly.com/question/859394

#SPJ2

How do you think your interests and experiences could turn into your future career?

Answers

Answer:

Well if you like doing something and/or you like watching someone that you look up to do things then you would most likely be more than happy to do that job in the future. For example if you like playing games and learning about how they are made you might become a pro gamer or a game developer.

Explanation:

NEED HELP ASAP 10 POINTS
The production, purchase, and sale of goods in a world-wide market is known as the _____.

Answers

Answer:

I think it's global economy

The best way to obtain all of your education history including grades, course history, and credits earned is to request a
O diploma
transfer
O transcript
O report card

Answers

the correct answer is a transcript
Transcript! —————-.....>

mention the major job of Pharmacy​

Answers

Answer:

dispense prescription medications to patients

Explanation:

Go to a Pharmacy

Answer:

major job in a pharmacy is a pharmacist

Explanation:

Pharmacists give people their prescription medicines that are needed for important sicknesses or illnesses

Assignment 7S
(15 points)
Assignment Overview
This is a three-part assignment.
In Part I, you'll check your work from Section 7.
In Part II, you'll add on to your Section 7 project.
In Part III, you'll zip and submit your files to your instructor.
Part I: Check Your Work
Follow these steps to check your work from Section 7.
1. Make sure your Career Presentation looks the way you want it to. If you want to make
changes, do that now.
2. Make sure you've saved your work before you continue.
3. Make sure your Career Presentation meets the criteria in the Career_Presentation
Grading Rubric on the next page.

Answers

Answer:

im confused my self

Explanation:

Aswer

did u use slides

Explanation:

??

Does anyone have an idea of what to put for example thing about LIFE INSURANCE!!!

Answers

Answer:

Explanation:

if you get sick really suddenly and can't pay the hospital bills or if someone takes thier own life   they will help with that too

what is conceptualization ​

Answers

Answer:

the action or process of forming a concept or idea of something in your mind

Explanation:

A will can be written by

Answers

Answer: what?

Explanation:

If you buy an investment for $800 and then sell it for $1,000 ten months later, what is your annual return on investment (percentage)?

Answers

Answer: 25%

Explanation:

The annual return on investment will be calculated as thus:

Invested amount = $800

Returned amount = $1000

Gain = Returned amount - Invested amount = $1000 - $800 = $200

Return on investment = Gain/Invested amount × 100

= 200/800 × 100

= ¼ × 100

= 25%

The return on investment is 25%

Based on the information given your annual return on investment (percentage) is 25%.

First step is to calculate the net return

Net return=Initial value of investment-Final value of investment

Net return=$1,000-$800

Net return=$200

Second step is to calculate the annual return on investment

Annual return on investment=$200/$800×100

Annual return on investment=25%

Inconclusion  your annual return on investment (percentage) is 25%.

Learn more about annual return on investment here:https://brainly.com/question/25767667

Requiring managers to prepare the budgets from scratch or zero-base may help them to overcome the problem of:

Answers

Answer: Excessive cost

Explanation:

Zero-based budgeting is the sort of budgeting where when income is subtracted from expenses it gives zero. This sort of budgeting puts a measure of the expenses, it ensures the expenses matches the income. The purpose of the budget plan is to justify expenses and optimize cost, thereby look out for cost effective ways to plan and avoid inflated budgets. It primarily guides against excessive costs on projects.

Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?

Answers

Answer:Firms will face perfectly elastic demand curves only if their products are perfect substitutes for the products of other firms.

Explanation:

Answer:Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?

Explanation:

What is one of the best ways to avoid credit problems? A. Use your credit as often as possible. B. Apply for as many credit cards as you can. C. Pay your credit bills on-time each month. D. All of the above

Answers

Answer:

d. all of the above

Explanation:

they all make sense

WILL BE MARKED BRAILIEST!!
10 points for each
6.A woman enters an electronics store and asks for help choosing a laptop
she can use to watch movies with her grandchildren. She asks many
questions about an assortment of low- and higher-priced computers
before deciding to purchase one. It is most likely this person is a(n)
•interviewer
•mystery shopper
•trained facilitator
•focus group member

7.An elderly man with lots of free time uses baby lotion on his skin. He
would probably be a great candidate to complete a respondent diary.
True
False

8.Organizations use marketing research to gather data about
(Select all that apply) *
•their customers
•new products they are considering
•employees they want to hire
•their customers' preferences

Answers

Answer:

•mystery shopper

false

Explanation:

Which of the following statements would be considered pros of globalization?

Increased competition between countries

Increased immigration of unskilled workers

Increased public funding for education and immigration of those citizens with education

Increased consumption of wide variety of goods leading to increased production

Answers

Answer:

increased consumption of wide variety of goods leading to increased production.

Explanation:

im sorry if i get it wrong

A company can act ethically toward employees and meet their expectations by A. improving their products over time and providing guarantees to customers about the integrity of their products. B. selling customers quality products at a fair price and providing good after-sales service. C. maximizing the stockholders' return on investments. D. creating an occupational structure that fairly and equitably rewards organization members for their contributions. E. implementing a high-power distance culture and discouraging decentralized decision making.

Answers

Answer:

D. creating an occupational structure that fairly and equitably rewards organization members for their contributions

Explanation:

When the company acts ethically for the employees and meeting their expectations so this could be possible when the organization structure is properly developed that represent contribution made by the members of the organization is quite fair and equitable and for the same the rewards is also provided so that they feels motivated

Hence, the option d is correct

state 2 factors that might influence which source of finance to choose​

Answers

Cost: ...
Financial strength and stability of operations: ...
Form of organization and legal status: ...
Purpose and time period: ...
Risk profile: ...
Control: ...
Effect on credit worthiness: ...
Flexibility and ease:

Stear Inc. deposited an NSF check of a customer into the bank. At the end of the month, there was a difference in the bank balance and checkbook balance due to this NSF check. How can this be rectified?

А. reduce the checkbook balance
B. increase the checkbook balance
C. reduce the bank balance
D. increase the bank balance
E. reduce both the checkbook and bank balance

Answers

Answer: А. reduce the checkbook balance

Explanation:

The customer gave a check to Stear to settle their account for goods purchased from Stear. If the check is classified as Non-Sufficient Funds (NSF) check, it means that the bank of the customer did not send money to Stear's bank when Stear deposited the check because the customer did not have enough money in their account.

To correct this, reduce the cashbook balance by the amount on the check because the bank did not record the check because they never received the funds, but the business did in their cashbook.

Say the following 2 events occur at the same time: 1) an increase in the price of milk, an input in the production of cheese; 2) a decrease in the price of bagels, a complement of cheese. The following 2 events would lead to a(n) _________ in the market price and a(n) __________ in the market quantity of cheese. 1 point indefinite change; indefinite change increase; indefinite change indefinite change; decrease indefinite change; increase decrease; indefinite change

Answers

Answer:

The correct answer is the following combination: Increase; indefinite change.

Explanation:

To begin with, in the microeconomics theory when it comes to the rise of the price of a product the factors of major impact will be the inputs needed in the production of final good. In this particular case, the fact that the price of the milk has increased it will afect directly the price of the cheese in a matter of going up. And that consequently will afect the quantity demanded by going down. However, due to the fact that now the price of the bagels, a complement of the cheese, has gone down then it is indefinite to known what will happen to the quantity demanded of the cheese due to the fact that this last factor will impact it positively. So in the end, the two situations affect the quantity to a matter of indefinite change.

You see Paul dealing with Susan, an upset employee from another department. Susan is complaining about something that your department was supposed to do but didn't. You are in a back room and have not been seen by Susan. Paul is obviously frustrated and unable to deal with Susan effectively. You should:

a. Walk up to the pair and attempt to change the conversation.
b. Introduce yourself to Susan and offer your assistance.
c. Ask your supervisor to offer some interpersonal skills training to Paul.
d. Tell Paul that Susan is needed by the supervisor to end the situation.

Answers

I think option (b) is the correct

When a startup wants to offer stock on the stock market, they go from a private to a public company.

Answers

Answer:

true...u didn't wrote if u want answer it or not but its true

Mark wrap with the 20 minute hold time, and any special guest requests​.

Answers

.............................

Secondary data consist of ________. A) data that is unreliable and unsuitable for the purpose of making marketing decisions B) information collected from conducting personal, in-depth interviews C) data that does not age D) information that already exists somewhere, having been collected for another purpose E) information collected for the specific purpose at hand

Answers

Answer: D) information that already exists somewhere, having been collected for another purpose.

Explanation:

Secondary data in a research is data that has already been collected by others and usually for the another purpose but can be used for the purpose at hand.

These other sources could be from the government or private institutions and individuals but when they are used in research they must be referenced so that viewers know where the information is from.

Secondary data is used in our daily lives. For instance, if you had a weather report and used data from the National Weather Service (NWS), that is secondary data being used.

Imagine you are the owner of a small local peanut butter company. You have many competitors in the peanut butter market but your products are unique
because you offer chocolate, hazelnut, and cinnamon raisin peanut butter flavors. Thinking about your competitive strategy, what should be your main focus?
O A. keeping a competitive edge by marketing your unique peanut butter flavors
B. how to grow the company by adding new flavors each month
C. social responsibility
OD. sending out free samples to gain new customers

Answers

Answer:

A

Explanation:

keeping a competitive edge

answer the question in the pic.

Answers

Answer:

Uhhhhhhh There's no picture.

Answer:

what pic

Explanation:

Your finance rate is determined by your credit history and credit rating.
True
False

Answers

Answer: True!

Explanation:

Harold wants to find all order numbers in his database that begin with “01” and replace them with “02.” He places his cursor in the “OrderNumber” field and opens the “Find Dialog” box. Which steps would most quickly accomplish this task?

On the Find tab, enter “01” for “Find What,” go to Replace tab, enter “02,” and click “Replace.” Continue to the next record and repeat.

On the Replace tab, enter “01” to search, “02” to replace, and click “Replace All” to change all the order numbers that start with “01.”

On the Find tab, enter “01” for “Find What,” go to Edit tab, enter “02,” and click “Edit.” Continue to the next record and repeat.

On the Replace tab, enter “01” to search, “02” to replace, and click “Change All” to change all the order numbers that start with “01.”

Answers

Answer:

D.

Explanation:

WILL MARK BRAINLIEST

Sheila purchased some raw materials from a vendor. She pays the vendor in cash. Which legal document does the vendor give Sheila to validate
the transaction?

A. purchase slip
B. invoice
C. receipt
D. token
E. payroll

Answers

The answers is letter C

Answer:

c. receipt

Explanation:

\Why is it important to consider scholarships and grants before loans to pay for higher education?

Answers

Answer:

Explanation:

Scholarships and grants are monies that are given to the student for education. You DO NOT have to pay them back.

Loans can also be given for education costs but you DO have to pay them back.  So, obviously, you want scholarships and grants before loans.

Other Questions
The amounts reported for assets and liabilities in the total column for the combining balance sheet for nonmajor governmental funds are also reported in the other governmental funds column of the governmental funds balance sheet.A. True B. False Which diagram shows magnets that will attract each other? 2 bar magnets side by side with their long axes vertical, both red S on top and blue N on bottom. 2 bar magnets top to bottom with their long axes vertical, the top one with red S on top and blue N on bottom and the bottom magnet with blue N on top and red S on bottom. 2 bar magnets top to bottom with their long axes vertical, the top one with blue N on top and red S on bottom and the bottom magnet with red S on top and blue N on bottom. 2 bar magnets top to bottom with their long axes vertical, the top one with red S on top and blue N on bottom and the bottom magnet with red S on top and blue N on bottom. [tex]\int\{-2+(x^{2} +3x)^(6/5) - x^3} \, dx[/tex] Pls help!! Jody has 15 pound bag of potatoes. She uses 3/4 of the bag to make potato salad. How many pounds of potatoes does Jody use for the potato salad? In 12 sentences, explain the importance of determining a speakers intended audience. can you help my PLZ I need help solving this. 82(2+2) An exercise in which you act out an interview before the actual interview isknown as aA. mock interviewB. dry reviewc. formal interviewD. comprehensive reviewSUBMIT Why did Donald Trump think that the election was stolen from him? Who was the 30th President of the U.S? Help please :))))))))))))))))) Which set of events is listed in chronological order?A.British recognizes the United States as an independent nation. Washington warns against foreign alliances and political parties.B.Land is purchased from France to double the size of the country. European nations are warned to stay out of the WesternHemisphere.C.British recognizes the United States as an independent nation. Land is purchased from France to double the size of the country.Washington warns against foreign alliances and political parties. European nations are warned to stay out of the WesternHemisphere.D.Washington warns against foreign alliances and political parties. British recognizes the United States as an independent nation.European nations are warned to stay out of the Western Hemisphere. Land is purchased from France to double the size of thecountry Which American Indian groups were allied with the French as the French and Indian War began?the Iroquois Confederacy and the Huronthe Ottawa and the Huronthe Iroquois Confederacy and the Algonquinthe Algonquin and the Huron A 2 goodness-of-fit test is performed on a random sample of a bag of 30 Skittles to determine whether the proportion of each flavor (strawberry, orange, lemon, lime, and grape) is equal to the claimed amount (20% of each flavor). The 2 statistic is determined to be 10.20. What is the p-value for this test? (4 points)A 0.001 < p < 0.005B 0.02 < p < 0.025C 0.025 < p < 0.05D 0.10 < p < 0.15E 0.05 < p < 0.10 You are given that 3y = 5x.a) Find the value of y when x = 12 In PQR, the measure of R=90, QP = 85, RQ = 13, and PR = 84. What ratio represents the cosecant of P? Crest toothpaste has selected new moms as their target market. In the process of positioning their new product BabySafeToothpaste, Crest will adjust its marketing mix variables in order to give the target market Group of answer choices More features than the competition offers. A more flexible supply chain strategy A perceptual map of the toothpaste product category A clear, distinctive, and desirable understanding of BabySafe Toothpaste relative to competing products. Lower prices than the competitors offer Read this sentence from the passage. The mirror let doctors remove a tumor with only minimally invasive surgery, instead of a major operation. (paragraph 16)Which antonym in the sentence clarifies the meaning of minimally?A.mirrorB.onlyC.invasiveD.major What is the connection between salt and oil?Salt can be turned into oil.Salt can be turned into gasOrganic material trapped next to a salt dome will eventually turn into oil.Organic material trapped under an oil dome will eventually turn into salt. Which group was the last to receive the right to vote?187015AMENOMENI1920AMENDMENY196424 AMENOMENY1965 1971THE VOTINGRS 20 MOMENTACT OF 1005THE EXPANSIONofVOTING RIGHTSLESSON 1Formally extendssuffrage to AllaAmericansEns ageto womenOutlaws polltakes intonalelectionsMrican Americans Votingachieve suffrage lowered to 18guwanted under the15th AmendmentEighteen year oldsWomenAfrican-AmericansConvicted felons Will mark brainliest! Please help me