Megan and matthew are equal partners in the j & j partnership (calendar-year-end entity). on january 1 of the current year, they decide to liquidate the partnership. megan’s basis in her partnership interest is $100,000 and matthew’s is $35,000. the two partners receive identical distributions with each receiving the following assets:
tax basis fmv
cash .$ 30,000 $ 30,000
inventory 5,000 6,000
land 500 1,000
totals .$ 35,500 .$37,000
a. what is the amount and character of megan’s recognized gain or loss?
b. what is megan’s basis in the distributed assets?
c. what is the amount and character of matthew’s recognized gain or loss?
d. what is matthew’s basis in the distributed assets?

The monthly payment m of a loan of amount p for y years with an interest rate r can be calculated by the formula: m = p(r/12) 1 â’ (1 + r/12)â’12y calculate the monthly payment and the cummulative total payment for a $100,000 loan with an interest rate of 4.85% if taken out for 10 years, for 11 years, etc., up to a 30 year term. display the results in a three-column table where the first column is the number of years, the second is the monthly payment, and the third is the cummulative total payment. note: use format bank; for this problem. also, remember to represent the interest rate as a decimal (e.g. 0.0485) 2. a torus-shaped water tube is designed to have a volume of 8, 000in3 . the volume of the tube, v , and its surface area, s, are given by: v = 1 4 ď€ 2 (a + b)(b â’ a) 2 s = ď€ 2 (b 2 â’ a 2 ) if a = kb, determine s, a, and b for k = 0.2, 0.3, 0.7. display the results in a table

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

Identify at least 3 body language messages that project a positive attitude