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.

---

Definitions:

Aseptic Technique

Practices and procedures performed under strictly controlled conditions with the goal of minimizing contamination by pathogens.

Circulating Nurse

A registered nurse in the operating room responsible for overseeing patient care and ensuring the surgical environment's safety and sterility.

Paralytic Ileus

A condition where the intestine does not work properly, leading to a buildup of food, gas, and liquids, and causing severe abdominal pain and bloating.

Radiotherapy

A treatment method that uses high-energy rays or particles to destroy or damage cancer cells.