Suppose the bank faces a reserve requirement of 10 percent. starting from the situation as depicted by the t-account, a customer deposits an additional $60,000 into his account at the bank. if the bank takes no other action it will
select one:
a. have $64,000 in excess reserves.
b. have $4,000 in excess reserves.
c. be in a position to make new loans equal to $6,000
d. none is correct.

Barry owns a 50 percent interest in b& b interests, a partnership. his brother, benny, owns a 35 percent interest in that same partnership, and the remaining 15 percent is owned by an unrelated individual. during 2016, barry sells a rental property with a basis of $60,000 to b& b interests for $100,000. the partnership intends to hold the rental as inventory for resale. what is the amount and nature of barry’s gain or loss on this transaction?