Perpetual transfer method provides for transferring
a. Files to inactive storage as a project or case is completed.
b. Files continuously between inactive and active storage until all documents have been used in activities such as a project or case.
c. Files at intervals until a project or case has been completed.
d. None of the above.
A
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An indicator variable can assume either one of only two values (usually 0 and 1), where _______________ represents the existence of a certain condition and _______________ indicates that the condition does not hold
Fill in the blank(s) with correct word
Ryan is a 25% partner in the ROCC Partnership. At the beginning of the tax year, Ryan's basis in the partnership interest was $90,000, including his share of partnership liabilities. During the current year, ROCC reported net ordinary income of $100,000 . In addition, ROCC distributed $10,000 to each of the partners ($40,000 total). At the end of the year, Ryan's share of partnership liabilities
increased by $10,000 . Ryan's basis in the partnership interest at the end of the year is: a. $90,000. b. $100,000. c. $115,000. d. $125,000.