Question: A guaranteed payment is: a. a payment mafe to a partner from the profits of the partnership b. a loan payment from the partnership to

A guaranteed payment is: a. a payment mafe to a partner from the profits of the partnership b. a loan payment from the partnership to pay back a loan from the partner c. a loan payment from a partner to pay back a loan from the partnership d. a payment made to a partner without regard to the income of the partnerships

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

A guaranteed payment is: A) A payment made to a partner from the profits of the partnership. B) A loan payment from the partnership to pay back a loan from a partner. C) A loan payment from a partner...

A guaranteed payment is : 1 . money distributed to a partner from the profits of the partnership, 2 . a loan payment from the partnership to pay back a loan from a partner, 3 . a loan payment form a...

Tony, Talnow is a 60% partner in a general partnership which of the following would be considered a guaranteed payment to Tony 1.a loan payment from the partner ship to pay back a loan from Tony 2. a...

Martha is a 50% partner in a general partnership. Which of the following would be considered a guaranteed payment to Martha? a. a payment made to Martha from the profits of the partnership b. a loan...

Question 4 of 15. Martha is a 50% partner in a general partnership. Which of the following would be considered a guaranteed payment to Martha? A payment made to Martha from the profits of the...

Formulas Data Review View Help * Cut Be Copy Peste Format Painter Calibri 11 A A A 2 Wrap Te BIU FB E Merge Clipboard Font F119 Alignment A B D John Scoots LP, a calendar-year partnership, provides...

John Scoots LP, a calendar-year partnership, provides scooter repair services and rents scooters. The business started on January 1, Year 1. John owns 60% of the partnership, and Kate owns 40%. John,...

Using the information below, complete the Excel spreadsheet to calculate the amount of each partner's basis in the partnership interest at the end of Year 1 and Year 2. Enter losses, deductions, and...

Scenario John Scoots LP, a calendar-year partnership, provides scooter repair services and rents scooters. The business started on January 1, Year 1. John owns 60% of the partnership, and Kate owns...

Contrast the effects on employment, output, and wages of (a) a year of bad weather resulting in low agricultural productivity and (b) nuclear contamination that lowers agricultural productivity...

Refer to Table 10.1 . What was the average real return for Treasury bills from 1926 through 1932? Table 10.1 LARGE-COMPANY STOCKS LONG-TERM GOVERNMENT BONDS U.S. TREASURY CONSUMER YEAR BILLS PRICE...

The _ _ _ _ _ is used to calculate the present value of a bond. Group of answer choices nominal yield current yield yield to maturity yield to call discount yield

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...