Janella's basis in her partnership interest was $120,000, including her $150,000 share of partnership debt. At the end of the current year, the partnership pays off its debts and liquidates. Janella receives a proportionate
liquidating distribution consisting of $42,000 cash and inventory valued at $24,000 (adjusted basis to the
partnership = $20,000). How much gain or loss does Janella recognize, and what is her basis in the distributed
property?

the answer is d. 75%

24

step-by-step explanation:

a

step-by-step explanation:

rurbrbrjrnrbjr

- "runner b is moving at a slower rate."

- "the graphs shown are graphs of distance(km) against time(min).

the slopes of this graphs are are given by:

slope = (change in y)/(change in x)

= (change in distance)/(change in time)

this is the formula for finding the speed. so, the slope of these graphs represent the speed of the runner.

taking each division in the graph to represent 1 on both axis:

runner a ⇒ speed = (2-0)/(1-0)

= 2/1

= 2 km/min

runner b ⇒ speed = (3-0)/(3-0)

= 3/3

= 1 km/min

this shows that   runner b is moving at a slower rate."