uestion 16 of 75. Vhich of the following is NOT an increase in figuring an S cor

Question

uestion 16 of 75. Vhich of the following is NOT an increase in figuring an S corp shareholder's stock basis. O Money distributed to the shareholder. O Money contributed to the corporation by the shareholder. O Adjusted basis in property contributed to the corporation O Shareholder's share of the corporation's annual income. l Mark for follow up uestion 17 of 75 Which of the following accurately describes a general partner in a partnership? O A partner who is personally liable for partnership debts only up to the amount of money or other property tha A partner who is personally liable for the partnership's nonrecourse loans. D A partner who is personally liable for partnership debts A partner who adheres to generally accepted accounting principals Lil Mark for follow up

Explanation / Answer

Note: Please post the third question in write formate

Answer =1) Money Distributed to the shareholder is not an increase in figuring an s Corp shareholder's Stock basis Answer =2) Genral partner is the partner who have the responsibility of the general accepted accounting principales So, Answer = Option 4 = A Partner who adheres to generally accepted accounting policies

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