Pam has a $34,500 basis (including her share of debt) in her 50 percent partnership interest in the meddoc partnership before receiving any distributions. this year meddoc makes a current distribution to pam of a parcel of land with a $55,400 fair market value and a $40,600 basis to the partnership. the land is encumbered with a $20,300 mortgage (the partnership’s only liability).
a. what is the amount and character of pam's recognized gain or loss?
b. what is pam's baisis in the land?
c. what is pam's remaining basis in her partnership interest?

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Which of the following is a reason why it is important for students to study strategy and the strategic management process? answers: studying strategy and the strategic management process can give students tools to evaluate the strategies of firms that may employ them. it can be very important to a new hire's career success to understand the strategies of the firm that hired them and their place in implementing these strategies. while strategic choices are generally limited to very experienced senior managers in large organizations, in smaller and entrepreneurial firms many employees end up being involved in the strategic management process. all of these.

Synovec co. is growing quickly. dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. if the required return is 11 percent, and the company just paid a dividend of $2.05, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)