Match the Following Statements with the Best Match from the Following

question 39

Multiple Choice

Match the following statements with the best match from the following choices. Choice M may be used more than once.
-Capital intensive partnership

• A)Includes the partner's share of partnership liabilities.
• B)Could result from sale of a partnership interest for more than the partner's share of the inside basis of assets.
• C)Liquidation payments from this type of partnership are always § 736b) payments.
• D)Could arise if a distribution results in loss to the distributee partner.
• E)May be a § 736a) payment.
• F)May receive § 736a) payments.
• G)Probably treated as a general partner for § 736 purposes
• H)Conversion of an LLC to a C corporation
• I)Liquidation payments from this type of partnership may include § 736a) payments.
• J)A § 736b) payment.
• K)Adjustment designed to bring inside and outside bases into balance.
• L)Partnership asset basis is at least $250,000 > FMV.
• M)No correct match is provided.

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Definitions:

Radial Tuberosity

A bony prominence under the forearm that attaches to the bicep tendon.

Olecranon

The bony prominence of the elbow, on the upper end of the ulna, that forms the point of the elbow.

Tibial Tuberosity

A prominent bony structure on the anterior portion of the tibia, below the knee, where the patellar ligament attaches.

Intercondylar Eminence

A projection located on the tibial plateau between the medial and lateral condyles, serving as an attachment point for ligaments in the knee joint.