Which of the following is a valid reason for making a 754 election?
A) An incoming partner pays more for a partnership interest that his or her proportionate share of partnership assets.
B) Partners are able to increase their basis in the partnership interest upon the sale of a partnership interest.
C) Partnerships can increase, but not decrease, their basis in partnership assets.
D) A partnership can reduce its basis in assets upon cash distributions to partners.
A) An incoming partner pays more for a partnership interest that his or her proportionate share of partnership assets.
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According to Spitzberg and Cupach, competent communication means being both ______ and ______.
A. stern; compassionate B. monotone; lyrical C. effective; appropriate D. depth; breadth
Which of the following is scarcer in nature, requires sustained investment, and leads to sustainable international competitive advantage?
A) advanced factors B) basic factors C) human resources D) physical resources
The average length of time elapsed before the product or component fails is known as ______.
A. MTBF (mean time between failures) B. MTBF (mean time of breakdown frequency) C. MTTR (mean time to repair) D. MTDT (mean time of downtime)
The cost of a long-term asset is expensed
A) in the period in which it is sold. B) in the period in which it is acquired. C) as the asset benefits the company. D) when it is paid for.