Randolph is a 30 percent partner in the rd partnership. on january 1, rd distributes $15,000 cash, an investment with a fair value of $20,000 (inside basis of $10,000), and a parcel of land with a fair value of $10,000 (inside basis of $5,000) to randolph in complete liquidation of his interest. rd has no liabilities at the date of the distribution. randolph's basis in his rd partnership interest is $48,000. what is randolph's basis in the distributed investment and land? a. $10,000 inventory, $10,000 land. b. $15,000 inventory, $12,000 land c. $15,000 inventory, $10,000 land. d. $10,000 inventory, $12,000 land.

b. $15,000 inventory, $12,000 land

Explanation:

ANSWERS; $ 15,000 inventory , $ 12,000 land

Randolph's bases in the distributed assets are $ 15,000 cash , $ 15,000 inventory and $ 12,000 land.

First He allocates his outside basis to the distributed assets in an amount equal to RD'S basis .

Then He allocates remaining basis to assets other than cash and hot assets with unrealized

appreciation .Finally , the remaining basis is allocated to assets other than cash and hot assets.

answer; i believe that the correct answer is (supply chain);

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it