subject
Business, 11.12.2019 19:31 legendman27

Martin has an adjusted basis in his one-fifth interest in gateway partners of $45,000. the partnership has no liabilities and no hot assets. martin receives a distribution of $33,000 cash in complete liquidation of his interest in the partnership how much gain or loss will martin recognize on receipt of the liquidating cash distribution?

a. zero

b. $33,000 gain

c. ($12,000) loss

d. $12,000 gain

e. none of the above

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, Deascry
In the rbv are defined as the tangible and intangible assets that a firm controls that it can use to conceive and implement its strategies. answers: management policies
Answers: 1
image
Business, 22.06.2019 08:30, cyaransteenberg
Blank is the internal operation that arranges information resources to support business performance and outcomes
Answers: 2
image
Business, 22.06.2019 11:50, CheddaDsk
What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.
Answers: 2
image
Business, 22.06.2019 13:00, Killakyle4744
Amajor advantage of case studies is
Answers: 2
You know the right answer?
Martin has an adjusted basis in his one-fifth interest in gateway partners of $45,000. the partnersh...

Questions in other subjects: