Anthony's Basis in the WAM Partnership Interest Was $200,000 Just

question 95

Multiple Choice

Anthony's basis in the WAM Partnership interest was $200,000 just before he received a proportionate liquidating distribution consisting of investment land (basis of $90,000, fair market value $100,000) , and inventory (basis of $30,000, fair market value $70,000) . After the distribution, Anthony's recognized gain or loss and his basis in the land and inventory are:

• A) $80,000 loss; $90,000 (land); $30,000 (inventory).
• B) $70,000 loss; $100,000 (land); $30,000 (inventory).
• C) $30,000 loss; $100,000 (land); $70,000 (inventory).
• D) $0 gain or loss; $170,000 (land); $30,000 (inventory).
• E) None of the above.

Acknowledge the role and potential pitfalls of interviews in the selection process.

Understand selection ratio and its implications for the selection process.

Understand the types and purposes of different interview questions including nondirective, situational, and behavioral.

Comprehend the concept and importance of validity in employment tests and selections, including content and predictive validity.

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Definitions:

Indirect Perception Checking

Seeking additional information through passive perception, such as observing and listening, either to confirm or refute your interpretations.

Self-Fulfilling Prophecy

Prediction about future actions that is likely to come true because the person believes that it will come true.

Linking Details

The practice of connecting or associating individual facts or pieces of information to form a coherent whole.