Mark and addison formed a partnership. mark received a 25% interest in partnership capital and profits in exchange for land with a basis of $40,000 and a fair market value of $60,000. addison received a 75% interest in partnership capital and profits in exchange for $180,000 of cash. three years after the contribution date, the land contributed by mark is sold by the partnership to a third party for $76,000. how much taxable gain will mark recognize from the sale?

the f

last graph i believe

step-by-step explanation:

worked it out i believe

step-by-step explanation:

one day the were 5 ducks, and their king told them to multiply their kingdom. so each went their own seperate way and met 4 other ducks on their journey.

when the ducks returned to their kingdom, it was discovered that there were 5 groups of 5 ducks. when the kind counted the number of ducks in total (including the ones he sent out earlier) he counted 25.

therefore 5 times 5 is 25.

the end. : )

apex says the answer is true