Match the Following Statements with the Best Match from the Following

question 140

Multiple Choice

Match the following statements with the best match from the following choices. Choice M may be used more than once.
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• 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.

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Definitions:

Psychological Traits

Enduring characteristics or qualities of an individual's personality that influence behavior and attitudes.

Genes

Sequences of DNA that code for proteins and determine the genetic traits passed from parents to offspring.

Experience

The knowledge or skill acquired by going through various events or situations, or the act of living through certain events.

Behavior Genetics

The study of the role that genetic factors play in shaping behaviors, including the influence of heredity on individual differences.