The XYZ Partnership owns the following assets on December 31: By how much must XYZ reduce its unrealized receivables to avoid meeting the substantially appreciated inventory test?
A)$10,000
B)$14,000
C)$15,000
D)No amount of reduction of unrealized receivables will affect meeting the substantially appreciated inventory test.

Question

The XYZ Partnership owns the following assets on December 31:  By how much must XYZ reduce its unrealized receivables to avoid meeting the substantially appreciated inventory test?
A)$10,000 
B)$14,000 
C)$15,000 
D)No amount of reduction of unrealized receivables will affect meeting the substantially appreciated inventory test.

Quizplus · Accepted Answer

The Answer of The XYZ Partnership owns the following assets on December 31:  By how much must XYZ reduce its unrealized receivables to avoid meeting the substantially appreciated inventory test?
A)$10,000 
B)$14,000 
C)$15,000 
D)No amount of reduction of unrealized receivables will affect meeting the substantially appreciated inventory test.

The XYZ Partnership Owns the Following Assets on December 31