Jenny has a $54,000 basis in her 50% partnership interest in the jm partnership before receiving any distributions. this year jm makes a proportionate operating distribution to jenny of a parcel of land with an $80,000 fair value and a $64,000 basis to jm. the land is encumbered with a $30,000 mortgage (jm's only liability). what is jenny's basis in the land and her remaining basis in jm after the distribution: //www./notes/note/n/chapter-11-2019 /deck/21419261

When randy, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. at first randy thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. randy was able to discover the cause of the problem by utilizing skills.