Match the Following Independent Distribution Payments in Liquidation of a Partner's

question 31

Multiple Choice

Match the following independent distribution payments in liquidation of a partner's interest in an ongoing partnership with the statements below.
-Distribution of cash of $10,000 to a general partner for goodwill, where goodwill is provided for in the partnership agreement, and the partnership derives most of its income from services.

• A)A payment for the partner's share of partnership income under § 736(a).
• B)A payment for the partner's share of partnership property under § 736(b).
• C)The payment includes both a § 736(a) and a § 736(b) element.

---

Definitions:

Wage Rates

The amount of compensation or payment in terms of money given to an employee by an employer in exchange for work performed.

Job Analysis

The process of studying and collecting information about the duties, responsibilities, and outcomes of a job.

Job Description

An official document that outlines the duties, responsibilities, required qualifications, and reporting relationships of a specific job.

Job Specification

Detailed information regarding the qualifications, skills, experience, and duties required for a specific job position.