Match the Following Independent Distribution Payments in Liquidation of a Partner's

question 70

Multiple Choice

Match the following independent distribution payments in liquidation of a partner's interest in an ongoing partnership with the statements below.
-Distribution of $10,000 cash to a limited partner for goodwill when goodwill is not provided for in the partnership agreement.

• A)A payment for the partner's share of partnership income under § 736a).
• B)A payment for the partner's share of partnership property under § 736b).
• C)The payment includes both a § 736a) and a § 736b) element.

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