Identify Which of the Following Statements Is True

question 32

Multiple Choice

Identify which of the following statements is true.

• A)The basis for property distributed by a partnership cannot be increased above the carryover basis amount when it is received by a partner in a nonliquidating distribution.
• B)A partner's partnership capital account balance cannot be less than zero.
• C)The length of time a partner owns a partnership interest is relevant when determining the holding period for distributed property.
• D)All of the above are false.

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Definitions:

Approach Motivation

The drive towards a positive stimulus or outcome, motivated by the desire for a reward or fulfilling experience.

Avoidance Motivation

A behavioral response aimed at evading unpleasant outcomes, tasks, or situations.

Implicit Motives

Unconscious drives and desires that influence behavior and decision-making, often distinct from consciously stated goals or values.

Explicit Motives

Refers to motivations that are consciously recognized and can be verbally stated, influencing behaviors by one's self-aware goals.