Match Each Statement with the Correct Term Below

question 9

Multiple Choice

Match each statement with the correct term below.
-Small business stock

• A)A loss that is generally not deductible.
• B)The borrower is personally liable for the debt.
• C)The loss is used to offset income in future periods.
• D)A liability that is only secured by the underlying property.
• E)The loss may be used to offset income from prior periods.
• F)A type of stock that receives some ordinary loss treatment.
• G)Involved in a rental activity for more than 500 hours in a year.
• H)Cash or other assets contributed plus recourse debts of the activity.
• I)Owns at least a 10% interest and is significantly involved in the rental activity.
• J)The amount of the loss for fully destroyed property is the property's adjusted basis.
• K)The amount of loss is limited to the lower of the property's adjusted basis, or the reduction in fair market value.
• L)Management is left to at least one general partner whose liability is not limited and who is responsible for the on-going activities of the business.

---

Definitions:

Orbital

A mathematical function that describes the wave-like behavior of either one electron or a pair of electrons in an atom.

Pyrrolidine

An organic compound with the molecular formula C4H9N, consisting of a five-membered ring containing four carbon atoms and one nitrogen atom.

Lone Pair

A pair of valence electrons in an atom that is not shared with another atom and does not participate in bonding.

Physostigmine

An alkaloid used as a drug to treat glaucoma and anticholinergic poisoning, acting as a reversible cholinesterase inhibitor.