Larry and Moe form a partnership which maintains its records…

Larry and Moe form a partnership which maintains its records on a calendar year basis. The balance sheet of 3S Partnership is as follows:                                                   Basis                                         Value Cash                                        $45                                          $45 Land                                          45                                          120 Inventory                                  54                                            45                                               $144                                        $210 Larry                                       $72                                        $105 Moe                                          72                                          105                                               $144                                        $210  At the end of the current year, Curly will receive a 1/3 capital interest in exchange for services rendered. Curly’s interest is not subject to a substantial risk of forfeiture. For the current year, the income and expenses from operations are equal. Therefore, the only tax consequences for the year are those relating to the admission of Curly. a. Compute Curly’s basis in his partnership interest. b. Compute any income or loss Curly may recognize as a result of his admission to the partnership. c. Prepare the balance sheet of 3S partnership immediately after the admission of Curly.

Matching Match the concept, term, or theory with its correct…

Matching Match the concept, term, or theory with its correct response or definition. A. appropriateness B. channel C. communication D. contexts E. dyadic F. effectiveness G. ethics H. feedback I. fields of experience J. high self-monitors K. impersonal communication L. instrumental goals M. interactive communication model N. interpersonal communication O. interpersonal communication competence P. intrapersonal communication Q. linear communication model R. low self-monitors S. message T. noise U. online communication V. receiver W. relationship goals X. self-presentational goals Y. sender Z. transactional communication model Reference: Ref 1-1 Communication that has a negligible impact upon relationships and our thoughts, behaviors, and emotions.