Kuda exchanges property with a FMV of $630,000 and an adjusted basis of $450,000 in exchange for a one-third interest in a partnership. The property is subject to a mortgage with a principal balance of $300,000 which the partnership assumes. As a result of Kuda joining the partnership, Alejandro, a pre-existing partner, now has a one-third interest in the partnership. Alejandro will adjust his
basis to
A) increase it by $150,000.
B) increase it by $210,000.
C) decrease by $100,000.
D) increase it by $100,000.
D) increase it by $100,000.
Each partner includes his or her share of partnership-level liability in his or her partnership basis (1/3 × $300,000 = $100,000 increase).
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The credit department
a. prepares credit memos when goods are returned b. approves credits to accounts receivable when payments are received c. authorizes the granting of credit to customers d. none of the above
James Anderson visits a hospital to sell functional trolleys. During his conversation with the buyer, he understands that the buyer is not seeing any product benefit and is seeing only the price. James' trolleys are not the cheapest available in the market. What action can be taken by James to overcome this situation?
A. He can offer a discount to make the product competitive. B. James should visit the prospect regularly to build trust. C. James can use the SELL sequence technique. D. James cannot sell the product here as he has not qualified the prospect before that sales call. E. James can use a demonstration to convince the customer.
When a speaker wants to ask the listeners to take action, does the speaker include the idea in the introduction, body, or conclusion?
In response to calls for greater pay flexibility:
A. Unions have refused to budge from a seniority based pay system. B. Management has worked to stifle creativity in pay design. C. Unions have agreed to more flexible pay systems like merit, bonuses, and skill-based pay. D. The government has passed laws aimed at protecting and employers right to design pay plans without union interference.