Match the following independent descriptions as hot (i.e., ordinary income-producing) or nonhot assets with the statements below. Question

Inventory with a basis of $10,000 and a fair market value of $15,000.

Marketable securities (not held as inventory).

Cash basis accounts receivable.

Installment receivables for sale of a capital asset.

Highly appreciated land held by the partnership for the purpose of subdividing and selling lots.

Inventory with a basis of $10,000 and a fair market value of $10,500.

A. Hot asset, for purposes of distrubtion, liquidation of a parntership interest under $736, and sale of a parntership interest

B. Not hot sale

C. May not be a hot sale for some, but not all purpose