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Which of the following statements regarding hot assets for purposes of disproportionate distributions is false? Multiple Choice Hot assets include unrealized receivables. Hot assets include

Which of the following statements regarding hot assets for purposes of disproportionate distributions is false?

Multiple Choice

  • Hot assets include unrealized receivables.

  • Hot assets include any inventory.

  • Hot assets include substantially appreciated inventory.

  • The definition of hot assets for distributions and sales of partnership interests differs.

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