Binita Contributed Property with a Basis of $40,000 and a Value

question 1

Multiple Choice

Binita contributed property with a basis of $40,000 and a value of $50,000 to the BE Partnership in exchange for a 20% interest in partnership capital and profits.During the first year of partnership operations, BE had net taxable income of $30,000 and tax-exempt interest income of $10,000.The partnership distributed $10,000 cash to Binita.Binita's adjusted basis (outside basis) for her partnership interest at year-end is:

• A)$36,000.
• B)$38,000.
• C)$60,000.
• D)$70,000.
• E)None of the above.

Distinguish between different types of anemia and their causes.

Recognize the clinical implications of hemophilia and hemolytic diseases.

Understand the distinction between primary and secondary sources of law.

Identify examples of primary and secondary sources of law.

---

Definitions:

Permissive Parenting

A parenting style characterized by low demands with high responsiveness, where parents are lenient and avoid confrontation.

Authoritarian Parenting

A parenting style characterized by high demands and low responsiveness, where parents impose strict rules and expect obedience without much warmth or communication.

No-nonsense Parenting

A parenting style characterized by clear, strict rules and expectations, combined with firm but loving guidance, prioritizing structure and discipline in child-rearing.

Scripted Routines

Predefined sequences of behavior or actions that individuals follow in specific situations, often without conscious thought.