Atiqa Receives a Nonliquidating Distribution of Land from Her Partnership $$\begin{array} { | l | l | } \hline \text { Atiqa } & \text { Partnership } \\\hline \$ 28,000 & \$ 8,000\\\hline\end{array}$$

question 75

Multiple Choice

Atiqa receives a nonliquidating distribution of land from her partnership.The partnership purchased the land five years ago for $20,000.At the time of the distribution,it is worth $28,000.Prior to the distribution,Atiqa's basis in her partnership interest is $37,000.Due to the distribution,Atiqa and the partnership will recognize income of

• A) \[\begin{array} { | l | l | }
• \hline \text { Atiqa } & \text { Partnership } \\
• \hline \$ 28,000 & \$ 8,000\\\hline
• \end{array}\]
• B) \[\begin{array} { | l | l | }
• \hline \text { Atiqa } & \text { Partnership } \\
• \hline \$ 8,000 & \$ 0 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | l | }
• \hline \text { Atiqa } & \text { Partnership } \\
• \hline \$ 0 & \$ 0 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | l | }
• \hline \text { Atiqa } & \text { Partnership } \\
• \hline \$ 0 & \$ 8,000 \\
• \hline
• \end{array}\]

Distinguish between correct and incorrect applications of federal laws governing labor-management relations.

Understand the basic terminology and distinctions within e-commerce environments.

Identify types of e-commerce transactions based on the involved parties.

Recognize safety features and protocols that protect consumers in e-commerce.

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Definitions:

Vision And Prescient

Describes the ability to have a clear idea about the future or foresee events before they happen.

Prescient And Creativity

The combination of having foresight or anticipation of future events and the ability to produce novel and valuable ideas.

Intrinsic Motivation

The drive to engage in an activity for its own sake, due to the personal satisfaction or pleasure derived from the activity, rather than external rewards.

Extrinsic Motivation

Motivation driven by external rewards, such as money or praise, rather than intrinsic satisfaction from the activity itself.