Julian and Tanya Each Contribute $50,000 Cash to Form the M&T

question 6

Multiple Choice

Julian and Tanya each contribute $50,000 cash to form the M&T Partnership on January 4, 2018. Julian and Tanya share profits and losses in the ratio of 60% and 40%, respectively. During 2018, the partnership generates ordinary income of $80,000. A cash distribution of $5,000 is made to Julian in December 2018. How much income must Julian recognize from the partnership in 2018?

• A)$5,000
• B)$32,000
• C)$45,000
• D)$48,000
• E)$53,000

Recognize the role of cultural and ideological conflict in the Cold War, including the use of art and media.

Gain knowledge of the economic and foreign policies underpinning the Marshall Plan and their objectives.

Evaluate the impact of racial politics and civil rights movements during the Truman administration.

Interpret the significance and outcomes of the Nuremburg trials in post-war justice.

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Definitions:

Objective

A specific, measurable goal that is designed to achieve a certain outcome within a set timeframe.

Corridor Principle

A theory suggesting that once entrepreneurs embark on a venture, they are likely to encounter unforeseen opportunities and paths that were not visible to them before starting the venture.

Logistics

The management of the flow of goods, information, and other resources between points of origin and consumption to meet customer requirements.

Fast-Growth Start-Ups

Young companies that experience rapid growth in terms of revenue and market size due to innovative products or services.