When Determining the Guaranteed Payment, Which of the Following Statements

question 89

Multiple Choice

When determining the guaranteed payment, which of the following statements is correct?

• A)If the distributive share is less than the guaranteed minimum amount, the guaranteed payment is equal to the difference between the distributive share and the guaranteed minimum amount.
• B)If the distributive share is greater than the guaranteed minimum amount, the guaranteed payment is equal to the difference between the distributive share and the guaranteed minimum amount.
• C)Guaranteed payments are payments determined with regard to the partnership income.
• D)The distinction between guaranteed payments and distributive shares is clear in practice.

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Definitions:

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The process of learning material or skills that were previously learned and then forgotten, often facilitated by recognition of familiar aspects.

Algebra

A branch of mathematics dealing with symbols and the rules for manipulating these symbols; it is a unifying thread of almost all of mathematics.

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