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Joe Conners is a member of a partnership with a December 31 fiscal period. Joe's...

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Accounting

Joe Conners is a member of a partnership with a December 31 fiscal period. Joe's share of the 2023 partnership allocations are as follows:
Business Loss of $25,000.
Charitable Donations of $1,000.
Joe withdrew $10,000 from the partnership in 2023. Joe's ACB at January 1,2023 was $59,000. What is the ACB of Joe's partnership interest on January 1,2024?
Question 2 options:
$33,000.
$25,000.
$24,000.
$23,000.

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