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Daniela is a 25 percent partner in the JRD Partnership. On January 1, JRD makes...

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Accounting

Daniela is a 25 percent partner in the JRD Partnership. On January 1, JRD makes a proportionate distribution of $24,500 cash, inventory with a $25,200 fair value (inside basis $12,600), and accounts receivable with a fair value of $12,600 (inside basis of $18,900) to Daniela. JRD has no liabilities at the date of the distribution. Daniela's basis in her JRD Partnership interest is $38,500. What is Daniela's basis in the distributed inventory and accounts receivable? Multiple Choice $7,000 inventory, $7,000 accounts receivable $12,600 inventory, $18,900 accounts receivable $0 inventory, $6,300 accounts receivable $25,200 inventory, $12,600 accounts receivable

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