The December 31, 2016, Balance Sheet of the BCD LLP

question 131

Essay

The December 31, 2016, balance sheet of the BCD LLP reads as follows. $\begin{array}{lrr}&\text { Adjusted}\\&\text { Basis}&\text { FMV}\\\text { Cash } & \$ 210,000 & \$ 210,000 \\\text { Receivables } & -0- & 120,000 \\\text { Capital assets } & 42,000 &{6 9 , 0 0 0} \\\text { Total } & \mathbf{\$ 2 5 2 , 0 0 0} & \mathbf{\$ 3 9 9 , 0 0 0}\\\\\text { Ben, capital } & \$ 84,000 & \$ 133,000 \\\text { Christina, capital } & 84,000 & 133,000 \\\text { Danielle, capital } & 84,000 & 133,000 \\\text { Total } & \underline{\$ 252,000} & \underline{\$ 399,000} \\\end{array}$ Each partner shares in 1/3 of the partnership capital, income, gain, loss, deduction, and credit. Capital is not a material income-producing factor to the partnership. On December 31, 2016, Christina (treated as a general partner) receives a distribution of $140,000 cash in liquidation of her partnership interest under § 736. Nothing is stated in the partnership agreement about goodwill. Christina's outside basis for the partnership interest immediately before the distribution is $84,000.
How much is Christina's recognized gain from the distribution and what is the character of the gain?

Gain knowledge of the concept of shaping and its application in creating new behaviors in the workplace.

Comprehend the importance and effectiveness of immediate and contingent reinforcement in influencing employee behavior.

Recognize various reinforcement schedules (continuous and intermittent) and their effects on behavior durability.

Appreciate the significance of job design concepts such as job simplification, job enrichment, job rotation, and job enlargement in enhancing job satisfaction and performance.

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Securities Commission

A regulatory body or agency responsible for overseeing the securities industry, including the enforcement of laws and regulations regarding trading and investments.