Please complete the following matching section. Each correct answer is worth $4$

points.

$707(a)$

$707($c$)$

$721$

$83($b$)$

$195$

Start$-$up expenditures

Payments to partners for a

nonpartner$-$type activity

Guaranteed payment

Election by service partner to

ignore the contingency associated

with the receipt of the partnership

interest in income when initially

received and include the

partnership interest in income when

initially received and measure at its

initial value

No gain or loss is recognized on the

exchange when a partner transfers

property to a partnership in

exchange for a partnership interest