Suzy Owns a 30% Interest in the JSD LLC

question 159

Multiple Choice

Suzy owns a 30% interest in the JSD LLC.In liquidation of the entity, Suzy receives a proportionate distribution of $30,000 cash, inventory (basis of $16,000, fair market value of $18,000) , and land (basis of $25,000, fair market value of $30,000) .Suzy's basis in the entity immediately before the distribution was $80,000.As a result of the distribution, what is Suzy's basis in the inventory and land, and how much gain or loss does she recognize?

• A)$0 basis in inventory; $25,000 basis in land; $0 gain or loss.
• B)$16,000 basis in inventory; $34,000 basis in land; $0 gain or loss.
• C)$16,000 basis in inventory; $25,000 basis in land; $9,000 loss.
• D)$18,000 basis in inventory; $32,000 basis in land; $0 gain.
• E)$25,000 basis in inventory; $25,000 basis in land; $0 gain or loss.

Grasp the relationship between alternative work arrangements and employee productivity, satisfaction, and work-life balance.

Understand Maslow's hierarchy of needs and its relevance to employee motivation and satisfaction.

Differentiate between lower-order and higher-order needs as proposed by Maslow and their implications in the workplace.

Recognize the principles underlying Maslow's theory, including the progression and deficit principles.

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Definitions:

4GL

Fourth Generation Languages, a class of programming languages more advanced and closer to human language compared to their predecessors.

Object-oriented

A software development approach centered around the idea of "objects", which hold data as attributes and functionality as methods.

Portability

The capability to move a completed solution easily from one type of computer to another.

Program Development Life Cycle (PDLC)

The process of performing a programming project, which consists of five stages: describing the problem, making a plan, coding, debugging, and testing and documentation.