Syndication Costs Arise When Partnership Interests Are Being Marketed to Investors

question 43

True/False

Syndication costs arise when partnership interests are being marketed to investors. These costs cannot be amortized or deducted on income tax returns.

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Definitions:

Certifies

The act of officially recognizing, confirming, or attesting to the validity of something, such as a document or claim.

Liable

Legally responsible for causing damage or injury, thereby subject to civil legal action or compensation requirements.

Damages

A sum of money awarded in compensation for a loss or injury.

Forged Check

A check that has been illegally signed or altered by someone other than the account owner.