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Bev and Cabel Each Have a 50% Ownership in Finch

Question 107

Multiple Choice

Bev and Cabel each have a 50% ownership in Finch Partnership.Each partner has a partnership interest basis of $225,000.Finch's taxable income for the current year is $100,000,and it distributes $180,000 to each partner.Bev's partnership interest basis at the end of the year is:


A) $0.
B) $45,000.
C) $95,000.
D) $100,000.
E) None of the above.

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