Dylan, Luke, and Hannah Form a Partnership

question 66

Multiple Choice

Dylan, Luke, and Hannah form a partnership.Dylan contributes land with a fair market value of $25,000 (basis of $15,000) in exchange for a 25% interest.Luke contributes equipment with a $35,000 fair market value (basis of $38,000) in exchange for a 35% interest, and Hannah contributes a building with a $100,000 fair market value (basis = $35,000) and a mortgage of $60,000 (assumed by the partnership) in exchange for a 40% interest.What is the partnership's basis in the building it received from Hannah?

• A)$35,000
• B)$60,000
• C)$65,000
• D)$100,000

Recognize the consequences of poor selection decisions for both the organization and the employee.

Advocate for the economic value and utility of assessment centers and other selection tools.

Describe examples of organizational citizenship behaviors and their importance.

Define the selection process and its significance in organizational HR practices.

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Definitions:

Juilliard School

A world-renowned institution in New York City known for its rigorous programs in music, dance, and drama education, aiming to develop the highest artistic standards in its students.

Grit

A personality trait characterized by perseverance and passion for long-term goals.

Achievement Motivation

A psychological construct that drives an individual to pursue and attain goals, often characterized by persistence and effort.

Chain Migration

A social process by which immigrants from a particular town follow others from that town to a new country or city, creating a chain of migration.