Ms. Miller contributed business property to a partnership for her partnership interest. The property originally cost Miller $35,000, but at the time of the contribution, it had an adjusted basis of $30,000 and a FMV of $33,000. The partnership has no liabilities. What is the basis of Ms. Miller's partnership interest?

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration