In a Proportionate Liquidating Distribution in Which the Partnership Is

question 35

True/False

In a proportionate liquidating distribution in which the partnership is also liquidated, Ralph received cash of $30,000, accounts receivable (basis of $0 and fair market value of $20,000), and a desk (basis of $0 and fair market value of $1,000). Immediately before the distribution, Ralph's basis in the partnership interest was $40,000. Ralph realizes and recognizes a loss of $10,000, and his basis is $0 in both the accounts receivable and the desk.

Recognize the characteristic flora and fauna associated with different biomes.

Comprehend the ecological importance of biodiversity within each biome.

Analyze the adaptation strategies of plants and animals in distinct biomes.

Relate the impact of climate on the distribution and characteristics of biomes.