Chase, Marty and Barry Form a Partnership

question 91

Multiple Choice

Chase, Marty and Barry form a partnership. Barry will contribute a building worth $240,000 (adjusted basis of $110,000) , inventory worth $55,000 (adjusted basis of $30,000) and $15,000 in cash for a 25% interest in the partnership. How much gain will Barry have to recognize from the exchange of his property for the partnership interest?

• A)$-0-
• B)$125,000 ordinary gain.
• C)$130,000 long-term capital gain.
• D)$5,000 ordinary gain.
• E)$130,000 long-term capital gain and $5,000 ordinary loss.

Understand the process and importance of encoding and decoding in sales communication.

Identify methods to overcome barriers in communication, including noise and decoding issues.

Appreciate the role of feedback in sales communication and its impact on understanding and relationship building.

Understand the difference between working memory and long-term memory.