Alex is a partner with a 30 percent capital and profits interest in Maple, a limited partnership, when he sells his entire interest on January 1 for $110,000. At the time of the sale, Alex’s basis in the partnership is $60,000.   If Maple has $30,000 of unrealized receivables at the time of the sale, what is the amount and character of Alex’s gain or loss on the sale of his interest?

The tax basis balance sheet for Boxelder, a general partnership on the cash method of accounting, includes the following assets and liabilities on January 1 of this year:     Fair value Adjusted basis Assets:     Cash $180,000 $180,000 Accounts receivable $60,000 $0 Land $90,000 $120,000 Total $330,000 $300,000       Liabilities:     Mortgage $24,000 $24,000 Total $24,000 $24,000   Wanda, a partner with a 33.33 percent capital and profits interest, sells her entire partnership interest to Valerie for $102,000 cash plus the assumption of her share of Boxelder’s liabilities.   What is Valerie’s beginning basis in her 33.33 percent capital and interest in Boxelder?

Dodder is a plant that lacks chloroplasts and chlorophyll.  Is it capable of fixing CO2?

Which of the following is a feature of both chloroplasts and mitochondria?

Which of the following makes the greatest contribution to the dry biomass of a plant?

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.     ======================================================================================   I drive a 1962 Chevy Nova, it is light brown with lots of chrome.  

In the Hardy-Weinberg equation, the term “pq” in the 2pq part of the equation is because

A newly developed herbicide blocks the movement of electrons from Photosystem II to Photosystem I.  What immediate effect does this herbicide have on a plant?

WYRICK CHAPTER TWENTY-TWO According to chapter twenty-two, “Writing About Literature,” Wyrick says basically that plot summary and analysis are pretty much the same thing. 

When fertilization of an egg by a sperm occurs in a plant, a zygote forms. The zygote will divide by mitosis to produce .