Examlex
The allocations made to a partner are reported on Schedule K-1 and are referred to as his or her distributive share of partnership items.
Distributive Property
A property indicating that a(b+c) equals ab + ac, applicable for multiplication over addition or subtraction.
Associative Property
A mathematical rule stating that the way in which numbers are grouped in addition or multiplication does not change their sum or product.
Terms
Components of an expression or equation, separated by plus or minus signs, representing quantities or variables.
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