In an operating distribution, when a partnership distributes property other than money with a basis that exceeds the partner's outside basis, the partner assigns a carryover basis to the distributed asset and recognizes a gain.
Answer the following statement true (T) or false (F)
False
A partner's basis in property distributed in an operating distribution is limited to the partner's outside basis prior to the distribution. Also, gains are only recognized when a cash distribution exceeds a partner's basis prior to the distribution.
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Which of the following is the mental step in the consumer-adoption process where the customer starts considering whether to try an innovation?
A) adoption B) trial C) awareness D) evaluation E) interest
Discuss how each of the following would be recorded in the partner's capital account and why: a. Trevor invests into the partnership land that he paid $40,000 for 3 years ago. Today, the fair market value of the land is $65,000. b. Marcela invests into
the partnership a building that she paid $24,000 for 2 years ago. The building has a $10,000 mortgage and its fair market value is $18,000. The partnership assumes the mortgage. c. Courtney invests into the partnership equipment she paid $12,000 for earlier in the year by signing a note payable that the partnership is not assuming. The equipment has a fair market value of $15,000.
The word "merchantability" must be mentioned in a disclaimer of an implied warranty of merchantability
Indicate whether the statement is true or false
You randomly draw a sample of n = 25 where ?? = 100. If the sample mean is 10, which of the following are the bounds of a 95% confidence interval?
a. 6.08, 13.92 b. -29.2, 49.2 c. -49.2, 29.2 d. -38.2, 40.2