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can you tell me if this answer is is or is not? ership income sub X + Assignment/takeAssignmentMain.do?invokerStake AssignmentSession Locator=8an progress-false eBook Discussion Question 21-11

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can you tell me if this answer is "is" or "is not"?
ership income sub X + Assignment/takeAssignmentMain.do?invokerStake AssignmentSession Locator=8an progress-false eBook Discussion Question 21-11 (LO. 11) Answer the following questions regarding a partner's capital account. a. What is a partner's capital account? What methods can be used to determine the capital account and we might these methods be used? A partner's capital account can be thought of as an accounting of the partner's ownership in the entity Apart's capital account reflects the partner's financial interest In the partnership, and it is determined using of possible methods defined by the partnership. The partner's ending capital account balance is rarely theme the partner's basis. A tax basis capital account might be used the partnerships otherwise required to preparar reporting information 6. Select the "Yes" or "No" to indicate which of the following included in a part which are not 1. The capital account reflects contributions and distributions of cash or other You property to or from the partner 2. The capital account accumulates the partner's share of increases and decret from operations 3. The capital account may be adjusted for the partner's share of part Mabilities 4. The castal account excluded income or expose items are otherwise exemit or nondeductible o Pio FO A 9 0 B 6 4 5 O E R

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