Tim and Janet Are Equal Partners in the TJ Partnership

question 2

True/False

Tim and Janet are equal partners in the TJ Partnership.Partnership income for the year is $20,000.Tim needs cash in order to pay tax on his share of the partnership income,but Janet wants to leave the cash in the partnership for expansion.If the partners agree,it is acceptable for TJ to distribute $5,000 to Tim,and no cash or other property to Janet.

---

Definitions:

Amplitude

The height of a wave from the middle to the crest (top) or trough (bottom), measuring the strength or intensity of the wave.

Shorter

Having lesser length, height, or duration than something else or than is typical.

Amplitude

In physics, it refers to the maximum extent of a vibration or oscillation, measured from the position of equilibrium.

Brightness

The perception of light intensity, often described in terms of the amount of light emitted or reflected by an object.