Match the Following Statements with the Best Match from the Following

question 10

Multiple Choice

Match the following statements with the best match from the following choices. Choice M may be used more than once.
-Mandatory step down

• 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.

---

Definitions:

Applicant Tracking System

A software application that enables the electronic handling of recruitment and hiring processes, including the organization of candidate information and job postings.

Online Software Application

A web-based program that is accessed over the internet and used for various purposes, such as productivity, communication, and data management.

Recruitment Process

The steps involved in identifying, attracting, and selecting candidates to fill job vacancies within an organization.

Realistic Job Preview

A technique used in the recruitment process to give potential employees a clear and accurate picture of what working in the position would entail, including both positive and negative aspects.