Which of the Following Statements Regarding Disproportionate Distributions Is False

question 89

Multiple Choice

Which of the following statements regarding disproportionate distributions is false?

• A)A disproportionate distribution occurs when a partner receives more than his proportionate share of the partnership's hot assets.
• B)A disproportionate distribution occurs when a partner receives less than his proportionate share of the partnership's hot assets.
• C)The tax provisions related to disproportionate distributions attempt to preserve the partners' share of ordinary income potential.
• D)Disproportionate distributions will only occur in liquidating distributions.

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Definitions:

External Locus of Control

A belief system where individuals perceive their successes or failures to be a result of external factors or forces beyond their control.

Stress

A reaction of the body and mind to demanding or threatening situations, invoking a physiological and psychological response.

Internal Locus of Control

The belief that one has control over their life and outcomes, attributing success and failure to one's own efforts and abilities.

Life Satisfaction

A measure of how people evaluate their lives as a whole rather than their current feelings.