David Contributes Investment Land with a Basis of $24,000 and an FMV

question 115

Multiple Choice

David contributes investment land with a basis of $24,000 and an FMV of $40,000 to a partnership for a 10% interest in partnership capital, profits, and losses. The land is subject to a $30,000 recourse liability, which is assumed by the partnership. The partnership has other recourse liabilities of $18,000. Partners share the economic risk of loss from recourse liabilities in the same way they share partnership losses. David must recognize a

• A)$3,000 capital gain.
• B)$3,000 capital loss.
• C)$1,200 capital gain.
• D)$1,200 capital loss.

Identify risk factors and development pathways for antisocial personality disorder.

Recognize the five supertraits as the basic structure of personality.

Distinguish between different types of personality disorders based on symptomatology.

Comprehend the concept of personality traits as enduring behavioral consistencies.

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Definitions:

Gender Roles

Social and behavioral norms that are considered appropriate for individuals of a specific gender within a certain culture.

Innate Biological Differences

Natural variations in physiological or genetic characteristics that exist among individuals from birth.

Genes

Units of heredity made up of DNA that are responsible for the genetic traits passed from parents to offspring.

Estrogen

A group of steroid hormones that promote the development and maintenance of female characteristics of the body.