Identify Which of the Following Statements Is True

question 15

Multiple Choice

Identify which of the following statements is true.

• A)A partner's distributive share includes the full amount of partnership ordinary income, which she must report on her tax return plus her share of separately stated taxable and tax-exempt items.
• B)Sam has a 20% interest in partnership capital and profits but a 40% interest in partnership losses. The partnership has no special allocations or precontribution gains or losses. In a year in which the partnership reports ordinary income of $100,000 and a capital loss of $30,000, Sam's distributive share is $20,000 ordinary income and $12,000 capital loss.
• C)The partner's distributive share is the partner's share of any assets distributed by the partnership.
• D)All of the above are false.

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Definitions:

Predictive Validity

The level at which a score from a test or scale forecasts subsequent performance on a connected result.

Content Validity

Refers to the extent to which a test measures an intended content area.

Concurrent Validity

The degree to which the results of a test correlate with the results of other established measures taken at the same time.

Test-retest Reliability

Test-retest reliability is a measure of the consistency of a psychological test or assessment's results over time when administered to the same individuals on separate occasions.