Under What Conditions Will a Partner Recognize a Gain in a Liquidating

question 104

Multiple Choice

Under what conditions will a partner recognize a gain in a liquidating distribution?

• A)When a partnership distributes only money and the amount of the distribution exceeds the partner's outside basis.
• B)When a partnership distributes only money and the amount of the distribution is less than the partner's outside basis.
• C)When a partnership distributes money, hot assets, and other property and the amount of the distribution exceeds the partner's outside basis.
• D)When a partnership distributes money, hot assets, and other property and the amount of the distribution is less than the partner's outside basis.

---

Definitions:

Behaviourist

Pertaining to the school of thought in psychology focusing on observable behaviors and how they're learned through interaction with the environment.

Behaviourism

A branch of psychology that focuses on observable behaviors rather than internal processes such as thoughts and feelings.

Social Modelling

The process by which individuals learn behaviors, skills, and attitudes by observing and imitating the actions of others.

Reinforcement-Affect Model

A psychological theory suggesting that the emotional response to a stimulus reinforces behavior, influencing subsequent actions or attitudes.