Question
A partner contributes property to a partnership, and is later distributed cash or other property. How much time must there be between these two events
A partner contributes property to a partnership, and is later distributed cash or other property. How much time must there be between these two events in order for there to be a presumption that this is not a disguised sale?
| a. More than 6 months | ||
| b. | More than 1 year | |
| c. | More than 2 years | |
| d. | More than 5 years |
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Managerial Accounting Creating Value In A Dynamic Business Environment
Authors: Ronald W Hilton
6th Edition
0071113142, 978-0071113144
