Examlex

Solved

If a Partner Contributes Property to a Partnership,and That Property

question 111

True/False

If a partner contributes property to a partnership,and that property is subject to a liability,the noncontributing partners increase the basis of their partnership interests by their share of the partnership liabilities that were transferred to the partnership.


Definitions:

Type A Orientation

The way people are characterized as competitive, impatient, aggressive, and achievement oriented.

Aggressive

A behavior characterized by boldness or assertiveness, with a possible inclination to dominate or challenge others.

Personality Types

A method for categorizing individuals into specific groups based on their patterns of behavior, thoughts, and feelings.

Under Pressure

Experiencing stress or tension as a result of challenging circumstances or high demands.

Related Questions