Kuda Exchanges Property with a FMV of $630,000 and an Adjusted

question 37

Multiple Choice

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.

---

Definitions:

Linear Processes

Operations or procedures that proceed in a straight line or in sequential steps, where the outcome is directly proportional to the input.

Impaired Skin Integrity

A condition where the skin is damaged, leading to an increased risk of infection, potentially resulting from pressure, friction, or other causes.

Nursing Diagnosis

A clinical judgment about individual, family, or community responses to actual or potential health problems/life processes, forming the basis for selecting nursing interventions.

Nursing Assistive Personnel

Healthcare workers who assist nurses in providing basic patient care, often requiring less formal training than nurses.