Which Person Would Generally Be Treated as a Material Participant

question 69

Multiple Choice

Which person would generally be treated as a material participant in an activity?

• A) A participant in a rental activity.
• B) A limited partner.
• C) A LLC member not involved with management of the LLC.
• D) A general partner.

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Definitions:

Ca

Calcium, a chemical element with the symbol Ca and atomic number 20, an alkaline earth metal essential for living organisms, particularly in cell physiology.

Lewis Dot Structure

A diagrammatic representation of the valence electrons in an atom, ion or molecule, using dots around the symbol of an element.

Potassium

A soft, silvery-white metallic element, highly reactive and essential for biological organisms, symbolized as K.

Se

Selenium, a nonmetal element with properties that are intermediate between those of metals and nonmetals, used in various industrial applications.