Beth Has an Outside Basis of $60,000 in the BBDE

question 38

Multiple Choice

Beth has an outside basis of $60,000 in the BBDE Partnership as of December 31 of the current year. On that date the partnership liquidates and distributes to Beth a proportionate distribution of $20,000 cash and inventory with an inside basis to the partnership of $18,000 and a fair market value of $22,000. In addition, Beth receives a desk (not inventory) which has an inside basis and fair market value of $200 and $350, respectively. None of the distribution is for partnership goodwill. How much gain or loss will Beth recognize on the distribution, and what basis will she take in the desk?

• A) $21,800 loss; $200 basis.
• B) $21,650 loss; $350 basis.
• C) $0 loss; $200 basis.
• D) $0 loss; $22,000 basis.
• E) None of the above.

Compare and contrast the energy levels across different regions of the electromagnetic spectrum.

Grasp the practical aspects of using spectroscopic instruments, including the role of components like diffraction gratings.

Demonstrate knowledge of spectroscopic terms such as wavenumber and how it relates to wavelength.

Apply understanding of molecular vibrations and bond characteristics to predict spectroscopic outcomes.

---

Definitions:

Student Enrollment

The process by which students register for and commit to participating in educational programs or courses at an institution.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced.

Minimum Efficient Scale

The smallest quantity of output at which long-run average cost reaches its lowest level, allowing a firm to fully exploit economies of scale.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.