Bev and Cabel Each Have 50% Ownership in Finch Partnership

question 22

Multiple Choice

Bev and Cabel each have 50% ownership in Finch Partnership. Bev's partnership interest has a basis of $225,000. Finch's taxable income for the current year is $100,000, and it distributes $180,000 to each partner. Bev's partnership interest basis at the end of the year is:

• A)$0.
• B)$45,000.
• C)$95,000.
• D)$100,000.
• E)None of the above.

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Definitions:

Social Cohesion Hypothesis

A theory suggesting that social bonds within a group enhance survival and reproductive success, leading to stronger group integrity.

Parental Death

The event of a child losing a parent, an experience that can have profound psychological and emotional impacts throughout their life.

Year(s) Separates

A phrase describing the chronological distance or the passage of time between two events, indicating a period of differentiation in years.

Child's Name

The personal identifier officially given to a child at birth or through legal change, which they are commonly referred to by.