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Note: use the following fact pattern for the next two questions.   Hermine is a partner with a capital and profits interest in Fringetree, a general partnership. On January 1, Fringetree distributes the following assets to Hermine in complete liquidation of her interest (a proportionate liquidating distribution):   Fair valueAdjusted basisCash$60,000$60,000Hot Asset$10,000$0Other Asset A$40,000$30,000Other Asset B $160,000 $90,000 Total$270,000$180,000   The partnership has no liabilities.   [question 1 of 2] If Hermine’s basis in her partnership interest was $80,000, what is Hermine’s beginning basis in Other Asset A after the distribution?

Hermine is a partner with a capital and profits interest in Fringetree, a general partnership. On January 1, Fringetree distributes the following assets to Hermine in complete liquidation of her interest (a proportionate liquidating distribution):     Fair value Adjusted basis Cash $60,000 $60,000 Hot Asset $10,000 $0 Other Asset A $40,000 $30,000 Other Asset B $160,000 $90,000 Total $270,000 $180,000   The partnership has no liabilities.   [question 2 of 2] If Hermine’s basis in her partnership interest was instead $360,000 (and not $80,000), what is Hermine’s beginning basis in Other Asset A after the distribution?

Nicole and Paula each own 50 percent of Magnolia, an S corporation. Magnolia reported the following revenues and expenses:   Sales revenue – $720,000 Cost of goods sold – ($200,000) Depreciation expense (MACRS) – ($12,000) Sec. 179 expense – ($44,000) Long-term capital gains – $8,000 Qualified dividends – $5,000 Nontaxable interest income – $3,000 Salaries to owners – ($120,000) Employee wages (excluding salaries to owners) – ($50,000)   In addition, Nicole and Paula each received distributions of $10,000 from Magnolia.   [question 3 of 3] If Nicole’s basis in her Magnolia stock at the beginning of the year was $40,000, what is her basis after considering the above items?

During the [Answer1] of photosynthesis, [Answer2] is the molecule to which CO2 is fixed by [Answer3].

Which of the following are present in angiosperms (flowering seed plants) but not found in gymnosperms (non-flowering seed plants)?

A beetle population has a gene with two alleles, B and b. You discover that the frequency of the B allele is 40%. What percent of the population is expected to be heterozygous?

Grammar / Punctuation / Usage Directions:  If the following sentence is written correctly, mark “A” for true.  If it is not written correctly, mark “B” for false.     ====================================================================================   They’re sick and tired of their problems; consequently, they have decided to move over there.  

Grammar / Punctuation / Usage Directions:  If the following sentence is written correctly, mark “A” for true.  If it is not written correctly, mark “B” for false.     ==============================================================================   The correct time is now 8:35; before you leave class, please throw away your trash.  

Which of these statements are true of BOTH aerobic cellular respiration and photosynthesis?  Select all that apply.

Fiction In “The Tell-Tale Heart,” this is what makes the narrator unreasonably angry and murderous.