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Bob and Stuart are equal partners in B65 Banana Goods, a specialty store that sells banana-related merchandise. Bob contributed $16,000 in cash, and Stuart
Bob and Stuart are equal partners in B65 Banana Goods, a specialty store that sells banana-related merchandise. Bob contributed $16,000 in cash, and Stuart contributed inventory with a fair market value of $16,000 and an adjusted basis of $13,000. Which of the following statements about this partnership is TRUE? Bob's basis in the partnership $10,000 and Stuarts is $13.000. Bob and Stuart each have a basis in the partnership of $16,000. Bob will have a larger share of the profits than Stuart Stuart will have a larger share of the profits than too
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