Which is the best description of a partnership “current” distribution?
a. A current distribution is a distribution of the partner’s share of the partnership’s current year (or current) profits.
b. A current distribution is any distribution that does not liquidate the partner’s interest in the partnership.
c. A current distribution is the distribution of any of the current assets of the partnership.
d. A current distribution is one that is distributed at the same time to all the partners.