Sabrina Contributes a Building with an Adjusted Basis of $40,000

question 28

Multiple Choice

Sabrina contributes a building with an adjusted basis of $40,000 to a partnership.The fair market value of the building is $100,000 on the date of the contribution.What is Sabrina's basis in her partnership interest immediately after the contribution?

• A)$0
• B)$40,000
• C)$80,000
• D)$100,000
• E)None of the above

Evaluate the impact of religious practices on social status and gender roles.

Recognize the diversity and commonalities in rites of purification and other religious rituals across cultures.

Understand the fundamental concepts of financial risk and its implications on firm value.

Comprehend the definitions and implications of the unlevered cost of capital, levered cost of capital, and the interest tax shield.

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Definitions:

Conform

To align one's behavior or attitudes to match the norms, values, or standards of a group or society.

Behavior

The actions or reactions of an individual or group in response to external or internal stimuli.

Weak Ties

Social connections that are not closely bonded or emotionally attached but can provide valuable information and opportunities not available in close networks.

Secondary Group

A larger, more impersonal group that usually has specific goals, involving formal, impersonal relationships among its members.