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 the key challenges and considerations in repatriating employees from international assignments.

Recognize the impact of cultural differences on international compensation and performance appraisal.

Identify the role and influence of labor courts and unions in different countries.

Appreciate the importance of adapting management styles to fit varying cultural contexts in international assignments.

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Definitions:

Continuum

A continuous sequence or range of values where there is no clear division between one state and the next.

Standard Normal Random Variable

A normal distribution with a mean of zero and a standard deviation of one, used in statistical analysis.

P

In statistics, typically refers to the p-value, which measures the probability of observing a statistical summary as extreme as the one observed, under the null hypothesis.

Normal Random Variable

A variable that follows a normal distribution in its value distribution.