David’s basis in the Jimsoo Partnership is $62,000. In a proportionate liquidating distribution, David receives cash of $8,800 and two capital assets:

(1) Land A with a fair market value of $23,600 and a basis to Jimsoo of $18,700, and
(2) Land B with a fair market value of $11,350 and a basis to Jimsoo of $18,700. Jimsoo has no liabilities.

If the two parcels of land had been inventory to Jimsoo, what are the tax consequences to David (amount and character of gain or loss)?

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

What should a food worker use to retrieve ice from an ice machine?

How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.