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When determining the tax effects of a disproportionate distribution, which of the following steps must be taken into consideration? A) Cash must be classified as
When determining the tax effects of a disproportionate distribution, which of the following steps must be taken into consideration? A) Cash must be classified as a hot asset, B) Determine the basis of the assets of each class, C) Determine whether capital assets have substantially appreciated, D) The partnership's assets must be classified between hot assets and accounts receivable.
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