Rocky and Charlie Form RC Partnership as Equal Partners

question 88

Multiple Choice

Rocky and Charlie form RC Partnership as equal partners.Rocky contributes $100,000 into RC while Charlie contributes real estate with a fair market value of $100,000.During the current year,RC earned net income of $600,000.The partnership distributes $200,000 to each partner.The amount that Rocky should report on his individual tax return is

• A)$0.
• B)$100,000.
• C)$200,000.
• D)$300,000.

Understand the significance of problem finding in the process of creativity.

Realize the impact of cultural and social discrimination on intelligence test scores.

Grasp the concept of environmental influences on generational changes in IQ scores.

Understand the concept and application of divergent thinking in generating new ideas.

---

Definitions:

Shock Plate

A device used in psychological experiments to deliver an electric shock to an animal or human subject.

Obedience

The act of following orders or directions from a figure of authority.

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority figures, where participants thought they were administering electric shocks to another person.

Confederate

In psychological experiments, a confederate is an individual who seems to be a participant but is actually in on the experiment, helping the researcher manipulate the situation or observe participants' behaviors.