Bobbie and Fran are partners in the Quick Freeze partnership, owning respectively 60 percent and 40 percent of the partnership's capital and profits. At the beginning of 2017, their bases in their partnership interests were $18,000 and $12,000, respectively. During the year, the partnership had the following items of income: partnership ordinary income, $30,000; long-term capital gains, $10,000; and tax-exempt income from municipal bond interest, $5,000. The partnership distributed $12,000 to Bobbie and $8,000 to Fran. Their respective bases in their partnership interests at the end of 2017 were:

Their respective bases in their partnership interests at the end of 2017 were $33,000 for Bobbie and  $22,000  for Fran

Explanation:

In order to calculate Their respective bases in their partnership interests at the end of 2017 first we have to calculate the Income from partnership as follows:

Income from partnership=Ordinary income + long term capital gains + muncipal bond interest

=$30,000 + $10,000 + $5,000 = $45,000

Therefore, the computation of respective partnership interests at the end of 2017 would be as follows:

                                                            Amount(in $)

Particulars                                             Bobbie                     Fran

(1) Opening interest in partnership         $18,000                 $12,000

(2) Add:- share of income(3:2)                $27,000                  $18,000

(3) Less:-Partnership distributed           $12,000                  $8,000

(4)  Closing interest in partnership as

at the end of 2015 (1+2-3)=                    $33,000              $22,000

Their respective bases in their partnership interests at the end of 2017 were $33,000 for Bobbie and  $22,000  for Fran

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

member since : 02/13/2017, 18: 11

questions answered: 9741

questions asked: 162

no. of brainliest answers: 1575

brainliest answers in last 30 days: 10

warnings: 0 view

questions/answers reported: 2637

questions/answers incorrectly reported: 64

look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

~

answer; /// i believe the correct answer is ( column break);