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Kim has a basis in her partnershlp Interest of $15,200 when she recelves a distribution...

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Accounting

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Kim has a basis in her partnershlp Interest of $15,200 when she recelves a distribution from the partnershlp of $7,600 cash and equipment with a basis of $10,400 (\$15,600 FMM). Required: a. How much galn or loss must Kim recognize on the distribution? b. What is Kim's ending partnership basis? c. What is Kim's bas's in the equpment? Notes Leave no cells btank, Enter "O" Wherever required

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