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Amelia received $10,000 casg and inventory with a basis and fair market value of $6000 in complete liquidation of her partnership interest. Her basis in
Amelia received $10,000 casg and inventory with a basis and fair market value of $6000 in complete liquidation of her partnership interest. Her basis in her partnership was $20,000 prior to the distribution. What is amelias basis in the distributed inventory
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
