Sue and andrew form sa general partnership. each person receives an equal interest in the newly created partnership. sue contributes $28,000 of cash and land with an fmv of $73,000. her basis in the land is $38,000. andrew contributes equipment with an fmv of $30,000 and a building with an fmv of $51,000. his basis in the equipment is $26,000, and his basis in the building is $38,000. how much gain must the sa general partnership recognize on the transfer of these assets from sue and andrew?

Acontractor was awarded a purchase order for commercial items for $1.5 million under the authority of far subpart 13.5. the purchase order was issued in november 2010 and containedall applicable clauses that were current as of the date of the purchase order. under the purchase order, the contractor is required to comply with a small business subcontracting plan that contains all of the required elements. which of the following is true? a.the contractor must submit a standard form 294, subcontracting report for individual contracts. b.the contractor must submit an individual subcontracting report through the electronic subcontracting reporting system (esrs). c.the contractor may submit either an sf 294 or report its subcontracting through esrs. d.the contractor is not required to submit any subcontracting reports.