Kristen and Harrison Are Equal Partners in the KH Partnership

question 85

Multiple Choice

Kristen and Harrison are equal partners in the KH Partnership. The partners formed the partnership 5 years ago by contributing cash. Prior to any distributions Harrison has a basis in his partnership interest of $44,000. On December 31, KH makes a proportionate operating distribution of $50,000 cash to Harrison. What is the amount and character of Harrison's recognized gain or loss and what is his remaining basis in KH?

• A) $0 gain, $0 basis.
• B) $6,000 capital gain, $0 basis.
• C) $6,000 capital loss, $0 basis.
• D) $6,000 capital gain, $44,000 basis.

Grasp the basics of cognitive development and the factors influencing it.

Identify the role of environmental and genetic influences on development.

Understand the psychodynamic perspective and its emphasis on internal conflicts.

Identify the stages of development proposed by different theorists.

---

Definitions:

Nonparametric Procedure

Statistical methods that do not assume a specific distribution for the data, often used when data doesn't fit normal distribution assumptions.

One-Sample T-Test

A statistical test used to determine whether the mean of a sample differs significantly from a known or hypothesized population mean.

Wilcoxon Signed Rank Test

A non-parametric statistical test used to compare two paired samples, to test whether their population mean ranks differ.

Demographic Characteristics

Attributes of populations, such as age, race, gender, and income, often used in research to segment and analyze groups of people.