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Gnoma [55]
3 years ago
9

Gain is generally recognized in an asset distribution to a partner. True False

Business
1 answer:
8_murik_8 [283]3 years ago
5 0

Answer:

False

Explanation:

Usually distributions reduce a partner's outside basis in a partnership, they are generally not considered income. Since most distributions are not considered income, they do not result in gains for the partner. Some distributions may result in gains, such as certain cash distributions or securities (bonds) distributions. It is uncommon for a gain to result from  property being distributed.

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Pagination is the answer
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Why should you prepare some questions to ask during the interview?
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Suppose the National Bureau of Economic Research (NBER) comes out with a report suggesting that the economy will soon dip into r
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Answer:

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3 years ago
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lara [203]

Explanation:

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6 0
4 years ago
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