Mark contributed property to the MDB Partnership in 2012 . At the time of the contribution, the basis in the property was $40,000 and its value was $50,000 . In 2016, MDB distributed that property to partner Dara. Because this is a distribution of precontribution gain property, MBD (the partnership) may be required to recognize a gain that is allocated to all of the partners
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: A distribution of precontribution gain property results in gain to the contributing partner under ยง 704(c)(1)(B) if it is distributed to a partner other than the contributing partner within seven years of the contribution and any precontribution gain remains to be recognized.
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You are contemplating a significant change in your business that will affect how the salespeople will do their job. Which of the following is true regarding people's basic tolerance for change?
a. All salespeople thrive on change. b. All salespeople will resist change. c. Salespeople with greater trust in his/her sales manager will be more accepting of change. d. All salespeople have the same basic tolerance for change, regardless of trust in the sales manager. e. None of the above is true.
The systematic process of establishing the relative worth of jobs within a company is called
A. job factoring. B. relative analysis. C. job evaluation. D. job classification.