In a Proportionate Liquidating Distribution, Alexandria Receives a Distribution of $70,000

question 13

Multiple Choice

In a proportionate liquidating distribution, Alexandria receives a distribution of $70,000 cash, accounts receivable (basis of $0, fair market value of $20,000) , and land (basis of $30,000, fair market value of $60,000) .In addition, the partnership repays all liabilities, of which Alexandria's share was $40,000.Alexandria's basis in the entity immediately before the distribution was $90,000.As a result of the distribution, what is Alexandria's basis in the accounts receivable and land, and how much gain or loss does she recognize?

• A)$0 basis in accounts receivable; $0 basis in land; $20,000 gain.
• B)$0 basis in accounts receivable; $30,000 basis in land; $0 gain or loss.
• C)$0 basis in accounts receivable; $0 basis in land; $0 gain or loss.
• D)$0 basis in accounts receivable; $30,000 basis in land; $0 gain.
• E)$20,000 basis in accounts receivable; $0 basis in land; $20,000 gain.

Understand how evolutionary psychology explanations can be applied to real-life situations.

Understand the basic assumptions underpinning the t-test for independent samples.

Define and differentiate between independent and dependent samples.

Comprehend the application and interpretation of t-tests with unequal variances.

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Definitions:

Organizational Support

The degree to which an organization provides assistance, resources, and encouragement to its members or employees.

Work Group Support

The assistance, encouragement, and resources provided by a group to its members to achieve collective goals.

Supervisory Support

Assistance and guidance provided by supervisors to subordinates, aimed at helping them perform their duties effectively.

Creative Culture

An organizational or social environment that encourages innovation and values new ideas and creativity.