Information for questions tz - #8: Adam and Billie form AB Partnership. Adam contributes cash of $100,000 in exchange for a 30% interest. Billie contribtes land to the BBB Partnership in exchange for a 70% interest. The land has an adjusted basis of $150,000 and a fair market value of $180,000 and is subject to a liability of $100,000, which the partnership assumes. None of this liability is repaid at year-end. Billie's basis in her partnership interest after the contribution is: a. $150,000 b. $120,000 C. $80,000 d. $50,000 e. none of the above. 8. Adam's basis in his partnership interest after the contribution is: a. $170,000 b. $100,000 C. $130,000 d. $150,000. e none of the above