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:

Extracellular Thirst

Thirst caused by reduced volume of the extracellular fluid, which is the fluid outside the cells.

Lateral Hypothalamus

A part of the hypothalamus gland which plays a role in hunger and thirst; sometimes referred to as the hunger center of the brain.

Feeding Center

A region in the brain, specifically within the hypothalamus, that is responsible for the regulation of hunger and food intake.

Ventromedial Hypothalamus

A region of the brain involved in satiety, metabolism, and the regulation of body temperature.