TXX5771 Betty is a one-third partner in the BCD Partnership. The partnership has the following assets:

Fair Market Value

Cash                                       $30,000                                              $30,000

Accounts Receivable                            0                                             60,000

Total Assets                           $30,000                                               $90,000

Capital - Betty                                    $10,000                                             $30,000

Capital - Carry                                     10,000                                                30,000

Capital-   Darry                                    10,000                                                 30,000

Distribution of one-half of the receivables to Betty:

Betty's interests before and after the distribution:

                                      Pre-Distribution        Post-Distribution     Change

Ordinary Income Assets:

   Accounts Receivable       $20,000              $30,000                     $10,000

 Other Assets:

    Cash                                     $10,000                 0                          (10,000)

a)What are the tax consequences to Betty?

b)Will Code Section 751(b) apply? If so, why? If not, why not?