Binita Contributed Property with a Basis of $40,000 and a Value

question 1

Multiple Choice

Binita contributed property with a basis of $40,000 and a value of $50,000 to the BE Partnership in exchange for a 20% interest in partnership capital and profits.During the first year of partnership operations, BE had net taxable income of $30,000 and tax-exempt interest income of $10,000.The partnership distributed $10,000 cash to Binita.Binita's adjusted basis (outside basis) for her partnership interest at year-end is:

• A)$36,000.
• B)$38,000.
• C)$60,000.
• D)$70,000.
• E)None of the above.

Understand the functions and structures of plant stems, including the process of water and nutrient transport.

Describe the roles of xylem and phloem in the transport of water, dissolved minerals, and sugars, and identify where they are located in plants.

Explain primary and secondary growth in plants, including the function of vascular cambium and cork cambium.

Understand the differences between monocots and dicots regarding stem structure and growth patterns.

---

Definitions:

Myelin Sheath

The fatty layer that surrounds and insulates the axons of some neurons, which enables faster transmission of electrical impulses.

Neurotransmitters

Chemicals that transmit signals across a synapse from one neuron to another neuron, muscle cell, or gland cell.

Synaptic Vesicle

Membrane-bound sacs in the presynaptic terminals of neurons that store neurotransmitters, which are released into the synaptic cleft in response to an action potential.

Axon

A long, slender projection of a nerve cell, or neuron, that conducts electrical impulses away from the neuron's cell body.