A Partnership Making an Operating Distribution Will Recognize Gain or Loss

question 13

True/False

A partnership making an operating distribution will recognize gain or loss only when the partner that receives the distribution recognizes gain or loss.

---

Definitions:

Entrepreneurship

The process of identifying opportunities for which marketable needs exist and assuming the risk of creating an organization to satisfy them.

Customer Base

Refers to the group of customers who repeatedly purchase the goods or services of a business.

Environmental Forces

External factors that influence a business's operations and decision-making, including economic, political, regulatory, technological, and social factors.

Small Business Manager

An individual responsible for overseeing the operations, making critical decisions, and leading the strategy of a small business.