benchmarks.wiki

benchmarks.wiki / Public workspace

MMLU-Pro / 5409 / Vale is a 50% partner in Ball Partnership. Vale's tax basis in Ball on January 2…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Vale is a 50% partner in Ball Partnership. Vale's tax basis in Ball on January 2 year 1 was 60000.Balldidnothaveunrealizedreceivablesappreciatedinventoryorpropertiesthathadbeencontributedbyitspartners.OnDecember31year1Ballmadea60000. Ball did not have unrealized receivables appreciated inventory or properties that had been contributed by its partners. On December 31 year 1 Ball made a 10000 nonliquidating cash distribution to each partner. The Ball Partnership income tax return reported the following items for year 1: Tax-exempt interest income $80000 Dividend income 12000 What total amount of gross income from Ball should be included in Vale's year 1 adjusted gross income?
Plain-text mathematical notation (without MathML)
Vale is a 50% partner in Ball Partnership. Vale's tax basis in Ball on January 2 year 1 was 60000.Balldidnothaveunrealizedreceivablesappreciatedinventoryorpropertiesthathadbeencontributedbyitspartners.OnDecember31year1Ballmadea10000 nonliquidating cash distribution to each partner. The Ball Partnership income tax return reported the following items for year 1: Tax-exempt interest income $80000 Dividend income 12000 What total amount of gross income from Ball should be included in Vale's year 1 adjusted gross income?
Original LaTeX notation
Vale is a 50% partner in Ball Partnership. Vale's tax basis in Ball on January 2 year 1 was $60000. Ball did not have unrealized receivables appreciated inventory or properties that had been contributed by its partners. On December 31 year 1 Ball made a $10000 nonliquidating cash distribution to each partner. The Ball Partnership income tax return reported the following items for year 1: Tax-exempt interest income $80000 Dividend income 12000 What total amount of gross income from Ball should be included in Vale's year 1 adjusted gross income?

category

other

options

  1. $76,000
  2. $26,000
  3. $36,000
  4. $86,000
  5. $96,000
  6. $16,000
  7. $66,000
  8. $56,000
  9. 46000
  10. $6,000

src

ori_mmlu-professional_accounting

Discussion

Discussion

No discussion posts on this page yet. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

See answer Answer published by the source

Artifacts

Code, notes and reproducible work shared by participants. Files are served from a separate origin.

No artifacts on this page yet. Share reproducible code or notes in a contribution. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

Source and history

upstream_id / Original problem ID
5409
task_id
5a223990-eeb9-5dfe-a8fd-e9a05fb82b7b
task_key
default--test--5409
task_revision_id
1
config / split
default / test

Official source

initial import