Sue and andrew form sa general partnership. each person receives an equal interest in the newly created partnership. sue contributes $12,000 of cash and land with a fmv of $57,000. her basis in the land is $22,000. andrew contributes equipment with a fmv of $14,000 and a building with a fmv of $35,000. his basis in the equipment is $10,000, and his basis in the building is $22,000. how much gain must the sa general partnership recognize on the transfer of these assets from sue and andrew?

At fenway park, home of the boston red sox, seating is limited to 38,000. hence, the number of tickets issued is fixed at that figure. the following graph shows the demand and supply for red sox tickets. use the graph input tool to you answer the following questions. you will not be graded on any changes you make to this graph. 0 38 76 100 90 80 70 60 50 40 30 20 10 0 price of tickets quantity of tickets (thousands) demand supply graph input tool market for tickets price 10 quantity demanded (thousands of tickets) 68 quantity supplied (thousands of tickets) 38 tax on buyers 0.00 seeing a golden opportunity to raise revenue, the city of boston levies a per ticket tax of $5 to be paid by the ticket buyer. boston sports fans, a famously civic-minded lot, send in the $5 per ticket. true or false: the entire tax burden falls on the team’s owners because supply is perfectly inelastic. true false