Joe quick and jane reddy are equal partners in the quick and reddy partnership. on the first day of the current taxable year, joe’s adjusted basis in his partnership interest is $10,000 and jane’s adjusted basis is $2,000. during the year, joe had withdrawals of $25,000 and jane had withdrawals of $20,000. given the following partnership activity for the year, determine each partner’s adjusted basis in quick and reddy at the end of the taxable year

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

It wil be manufacturing industrie, (a) hope this you.

D) when the consumer buys more than more is needed.