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! Required information Problem 21-46(LO 21-4)(Algo) [The following information applies to the...

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Accounting

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Required information
Problem 21-46(LO 21-4)(Algo)
[The following information applies to the questions displayed below.]
The Taurin Partnership (a calendar-year-end entity) has the following assets as of December 31 of the current year:
On December 31, Taurin distributes $16,360 of cash, $10,907(FMV) of accounts receivable, and $42,380(FMV) of
inventory to Emma (a one-third partner) in termination of her partnership interest. Emma's basis in her partnership interest
immediately prior to the distribution is $43,003.
Problem 21-46 Part b (Algo)
b. What is Emma's basis in the distributed assets?
Note: Round your intermediate and final answers to the nearest whole dollar amount.
Answer is complete but not entirely correct.
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