In the Current Year,Darlene Purchases a 20% Interest in the Grant

question 91

Multiple Choice

In the current year,Darlene purchases a 20% interest in the Grant Partnership (GP) for $10,000.During the current year,GP has a taxable income of $80,000 and Darlene withdraws $5,000 of cash from the partnership.Darlene's income to be reported from her investment in GP and her basis in GP at the end of the year is:
​Income Basis

• A)$16,000 $21,000
• B)$5,000 $26,000
• C)$16,000 $10,000
• D)$5,000 $10,000

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Definitions:

Continuous Reinforcement

a method of learning where a behavior is reinforced (rewarded) every time it occurs, facilitating quick acquisition of the behavior.

Partial Reinforcement

A learning theory concept where reinforcement is given only a portion of the time a subject gives the desired response, which enhances the resilience of the response.

Continuous Reinforcement

A learning schedule in which every correct response is followed by a reward, facilitating faster learning.

Gradual Reinforcement

A process in operant conditioning where reinforcement is slowly introduced or varied to shape behavior.