Justin and lauren are equal partners in the pjenn partnership. the partners formed the partnership seven years ago by contributing cash. prior to any distributions, the partners have the following bases in their partnership interests: (leave no answer blank. enter zero if appplicable.)

partner outside basis
justin $ 25,325
lauren $ 25,325

on december 31 of the current year, the partnership makes a pro rata operating distribution of:

partner distribution
justin cash $ 29,275
lauren cash $ 20,850
property $ 8,425 (fmv) ($3,045 basis to partnership)

what is lauren’s remaining basis in her partnership interest?

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

Why is accountability important in managing safety

Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005