Shown Below Are the N-P-K Ratings for Three Fertilizer Additives

question 50

Multiple Choice

Shown below are the N-P-K ratings for three fertilizer additives: sawdust, fish meal, and wood ashes. Using what you know about the chemical composition of these substances, assign each to its most likely n-p-k rating. 5-3-3 0-1.5-8 0.2-0-0.2

• A)sawdust: 5-3-3; fish meal: 0-1.5-8; wood ashes: 0.2-0-0.2
• B)sawdust: 0-1.5-8; fish meal: 0.2-0-0.2; wood ashes: 5-3-3
• C)sawdust: 0.2-0-0.2; fish meal: 5-3-3; wood ashes: 0-1.5-8
• D)sawdust: 0.2-0-0.2; fish meal: 0-1.5-8; wood ashes: 5-3-3

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Definitions:

Guaranteed Payments

Guaranteed Payments are payments made by a partnership to a partner for services or capital investment, which are not dependent on the partnership's income.

Separately Stated

Items on a tax return or financial statement that are listed individually to identify their specific impact on taxation or financial analysis.

Partnership Interest

An ownership share in a partnership that represents a partial right to its assets, income, and gains.

Outside Basis

Refers to a partner's or investor's tax basis in an individual partnership interest or investment, including the initial investment amount plus any additional contributions and adjusted by allocations of income or loss and distributions.