Match the Following Statements with the Best Match from the Choices

question 32

Multiple Choice

Match the following statements with the best match from the choices below. Note: Choice N may be used more than once.
-Technical termination

• 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 § 736(b) payments.
• D)Could arise if a distribution results in loss to the distributee partner.
• E)May be a § 736(a) payment.
• F)May receive § 736(a) payments.
• G)Probably treated as a general partner for § 736 purposes
• H)Sale of more than 50% in less than 12 months.
• I)Liquidation payments from this type of partnership may include § 736(a) payments.
• J)A § 736(b) payment.
• K)Adjustment designed to bring inside and outside bases into balance.
• L)Partnership asset basis is at least $250,000 > FMV.
• M)Would result if the partner contributes appreciated property to the partnership.
• N)No correct match is provided.

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Definitions:

Cognitive Development

The growth and change in intellectual capacities, such as thinking, reasoning, and understanding, throughout the lifespan.

Language Development

The process by which humans acquire the capacity to perceive, produce, and use words to understand and communicate.

Perceptual Development

The gradual growth of a person's ability to interpret and make sense of sensory input from the environment, including sights, sounds, tastes, smells, and touch.

Personality Development

The process of developing and enhancing one's personal characteristics and traits across the lifespan.