Brian Is a 25% Partner in the BC Partnership

question 29

Multiple Choice

Brian is a 25% partner in the BC Partnership. On January 1, BC distributes $20,000 cash and land with a $16,000 fair value (inside basis $8,000) to Brian. BC has no liabilities at the date of the distribution. Brian's basis in his BC partnership interest is $16,000. What is the amount and character of Brian's gain or loss on the distribution?

• A) $0.
• B) $4,000 capital gain.
• C) $12,000 capital gain.
• D) $20,000 capital gain.

Familiarity with the MMPI and its original purpose for identifying emotional disorders.

Grasp of the global consistency in the description of personality traits and the relevance of the Big Five factor model.

Awareness of the spotlight effect and its influence on self-perception.

Understand the concept and graphical representation of indifference curves.

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Advanced Practice Registered Nurse

A nurse with post-graduate education in nursing, qualified to provide patient care at a level beyond that of a registered nurse.