Earnings from a Limited Partnership Would Be an Example of ________

question 4

Multiple Choice

Earnings from a limited partnership would be an example of ________ income.

• A)passive
• B)capital gain
• C)portfolio
• D)earned
• E)excluded

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Definitions:

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, often including balance sheet, income statement, and cash flow statement.

Base Amount

The initial sum or value used as a reference point for calculations, comparisons, or adjustments.

Income Level

The amount of revenue generated by an individual or organization before any deductions are made.

Debt-to-Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.