Identify Which of the Following Statements Is False

question 36

Multiple Choice

Identify which of the following statements is false.

• A)A sale or exchange of at least 50% of the capital and profits interest in a partnership within a 12- consecutive-month period will terminate the partnership and end all of the partnership's elections.
• B)When using the 50% rule to terminate a partnership, if an interest is sold more than once during the 12-month period, each sale is counted separately.
• C)A partner's individual income tax return, under some circumstances, may include the results of partnership operations for a period exceeding 12-months.
• D)When several different transfers are made during a 12-month period, the partnership termination occurs on the date of the transfer that first crosses the 50% threshold.

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Definitions:

Union Representing

The act of a labor union acting on behalf of its members in negotiations, grievances, and other labor-related matters.

Job Seeker

An individual actively searching for employment opportunities.

Illegal Discrimination

Unfair or unequal treatment of individuals based on protected characteristics, such as race, gender, age, or disability, that is prohibited by law.

Management Rights

The entitlements or prerogatives of management to make decisions regarding the operation of a business and the management of its employees.