When a partners share of partnership liabilities increases, that partners bsis in the partnership interest: a. Increases

Question:

When a partner’s share of partnership liabilities increases, that partner’s bsis in the partnership interest:

a. Increases by the partners share of the liabilities.

b. Decreases by the partner’s share of the liabilities.

c. Decreases, but not to less than zero.

d. Is not affected.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...

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