For the tax year, OSH partnership reported a $74,000 ordinary loss and a $28,000 increase in recourse liabilities for which thepartners are liable. Ashley, a 50% partner, had an adjusted basis of $15,000 at the beginning of the year. What is Ashley'sallowable loss and her adjusted basis in OSH at the end of the year? Allowable loss: $7,500. Adjusted basis: $8,000.
Allowable loss: $15,000. Adjusted basis: $0.
Allowable loss: $29,000. Adjusted basis: $0.
Allowable loss: $37,000. Adjusted basis: $8,000.

Which statement best explains why article iii of the constitution gives congress the ability to create lower courts inferior to the supreme court "from time to time”? a.the framers of the constitution believed that as the country grew, more courts would be needed to meet its needs. b.the framers of the constitution believed that as courts made unpopular decisions, they would need to be replaced. c.the framers of the constitution wanted to ensure that congress always had more power than the courts. d.the framers of the constitution wanted to ensure that new courts were always being created so new judges could be appointed.