At the end of last year, Isabella, a 20 percent partner in the five-person JDT partnership, has an outside basis of $30,000, including her $15,000 share of JDT debt. On January 1 of the current year, Isabella sells her partnership interest to Roger for a cash payment of $22,500 and the assumption of her share of JDT's debt. JDT has no hot assets. What is the amount and character of Isabella's recognized gain or loss on the sale?

You have just been hired as a brand manager at kelsey-white, an american multinational consumer goods company. recently the firm invested in the development of k-w vision, a series of systems and processes that allow the use of up-to-date data and advanced analytics to drive informed decision making about k-w brands. it is 2018. the system is populated with 3 years of historical data. as brand manager for k-w’s blue laundry detergent, you are tasked to lead the brand's turnaround. use the vision platform to to develop your strategy and grow blue’s market share over the next 4 years.