Daniela Is a 25percent Partner in the JRD Partnership

question 45

Multiple Choice

Daniela is a 25percent partner in the JRD Partnership. On January 1, JRD makes a proportionate distribution of $23,000 cash, inventory with a $17,600 fair value (inside basis $8,800) , and accounts receivable with a fair value of $8,800 (inside basis of $13,200) to Daniela. JRD has no liabilities at the date of the distribution. Daniela's basis in her JRD Partnership interest is $26,400. What is Daniela's basis in the distributed inventory and accounts receivable?

• A)$1,700 inventory, $1,700 accounts receivable.
• B)$8,800 inventory, $13,200 accounts receivable.
• C)$0 inventory, $4,400 accounts receivable.
• D)$17,600 inventory, $8,800 accounts receivable.

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Definitions:

Implicit Followership Prototype

A subconscious set of expectations about the behaviors and characteristics that define an ideal follower within a group or organizational context.

Incompetence

The lack of necessary skills, knowledge, or ability to perform a task or job effectively, often leading to substandard outcomes or failure.

Insubordination

The act of willfully disobeying or disrespecting higher authority.

Influence Process

A mechanism through which individuals affect the behaviors, attitudes, or opinions of others within an organization or group.