Corporation a and corporation z go into partnership to develop, produce, and market a new product. the two corporations contribute the following properties in exchange for equal interests in az partnership: corporation a corporation z cash $ 100,000 $ 50,000 business equipment (fmv) 30,000 80,000 corporation a’s tax basis in the contributed equipment is $34,000, and corporation z’s tax basis in the contributed equipment is $12,000. compute each corporation’s realized and recognized gain or loss on the formation of az partnership. compute each corporation’s tax basis in its half interest in az partnership. compute the partnership’s tax basis in the equipment contributed by each corporate partner.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Ijust took the test on edgenuity, and the answer is 15%-20% : )