Identify Which of the Following Statements Is True

question 68

Multiple Choice

Identify which of the following statements is true.

• A)If a partner sells property received in a partnership distribution for a gain and the property was inventory in the hands of the distributing partnership, the partner will always recognize ordinary income.
• B)The primary purpose of Sec. 751 is to prevent partnerships from converting capital gains into ordinary income.
• C)Unrealized receivables include rights to payments on the sale of a capital asset.
• D)All of the above are false.

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Definitions:

Efficiency

Results achieved compared to resource inputs.

HR Strategy

HR Strategy is a comprehensive plan that outlines how a business will manage its human resources to align with its business goals, including aspects such as recruitment, development, retention, and compensation of employees.

Distinctive Competencies

Unique abilities or characteristics of an organization that provide a competitive advantage and can't be easily replicated by competitors.

Internal Fit

The alignment between an organization's strategy, processes, and structures to ensure optimal performance and efficiency.