Bryan,Shahin,and Michele form a partnership.Bryan and Shahin contribute inventory and a building,respectively.Michele agrees to perform all of the accounting and office work in exchange for a 10% interest. 
a.Do any of the partners recognize any gain? If so,how much and why?
b.What is each partner's basis in his or her partnership interest?
c.What is the basis to the partnership of each asset?
Definitions:
Alternative Hypothesis
The hypothesis that proposes a difference or effect, in contrast to the null hypothesis, which assumes no effect or difference.
Significance Level
The probability of rejecting the null hypothesis in a statistical test when it is actually true, often denoted by alpha (α).
Alternative Hypothesis
A hypothesis that contradicts the null hypothesis, indicating that there is a significant difference between specified populations.
Significance Level
Another term for level of significance, denoting the cutoff probability for determining when the p-value indicates a statistically significant result.
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