Zayde Is a One-Third Partner in the ARZ Partnership, with an Outside

question 30

Essay

Zayde is a one-third partner in the ARZ Partnership, with an outside basis of $156,000 on January 1. Zayde sells his partnership interest to Thomas on January 1 for $180,000 cash. The ARZ Partnership has the following assets and no liabilities as of January 1:
The equipment was purchased for $360,000 and the partnership has taken $90,000 of depreciation. The stock was purchased three years ago. What is the amount and character of Zayde's gain or loss on the sale of his partnership interest?

Comprehend the significance and application of learning theories in social group work, especially operant conditioning.

Identify the role and impact of social group work in different settings, including mental health organizations, settlement houses, and social service agencies.

Acknowledge the significance of group cohesion, consensus, and the gestalt concept in group dynamics.

Appreciate the contributions of social scientists to the knowledge base of social group work.

---

Definitions:

Financial Advantage

The benefit or profit derived from financial actions or decisions, such as investments or loans.

Dropping Product

A decision made by a company to stop producing or selling a particular product due to factors like low sales, reduced profit margins, or strategic realignment.

Fixed Manufacturing Expenses

represent the costs that do not vary with the level of production output, such as rent, salaries of permanent staff, and depreciation of factory equipment.

Financial Advantage

A benefit in monetary terms that gives an individual, company, or situation a superior position compared to others.