At the Beginning of This Year,Edmond and Samuel Were Equal

question 86

Multiple Choice

At the beginning of this year,Edmond and Samuel were equal partners in a partnership that uses the calendar year as its tax year.On October 1,this year,Joan contributed $48,000 cash for a one-third interest in the partnership.The interests of both Edmond and Samuel drop to one-third.The partnership reports a $36,000 ordinary loss for the current tax year ending December 31.The loss allocation to Samuel is (assume the elective proration method with a monthly convention)

• A)$12,000.
• B)$13,500.
• C)$16,500.
• D)$18,000.

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Definitions:

Revenue Management

The use of data analytics to forecast consumer demand and optimize product availability and pricing to maximize revenue.

Supply Chain Assets

Resources owned or controlled by a supply chain that contribute to manufacturing, delivering, and selling products, including facilities, equipment, and inventory.

Marketing

The active promotion and selling of products or services, including market research and advertising, critical for business growth and customer engagement.

Overbooking Decision

The practice of selling or booking more seats or rooms than are available, under the expectation that some bookings will cancel.