Whitch of the following describe a transitory allocation? A allocation that occu

Question

Whitch of the following describe a transitory allocation? A allocation that occur during the same year B allocation that occur within one year C allocation that offset in the future D allocation that take advantage of non partners attributes Whitch of the following describe a transitory allocation? A allocation that occur during the same year B allocation that occur within one year C allocation that offset in the future D allocation that take advantage of non partners attributes A allocation that occur during the same year B allocation that occur within one year C allocation that offset in the future D allocation that take advantage of non partners attributes

Explanation / Answer

The correct choice is C

Explanation:- A transitory allocation occurs when a partnership makes an "original allocation" in one year, and then cancels out the economic effects of that allocation in a later year when the partnership makes an "offsetting allocation."

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