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The distinguishing feature of a master limited partnership (MLP) is that: Select one: a. Its income must come mostly from tech-related services. b. Partnership income is not taxed separately. c. Partnership income is defined as the amount of cash distributed to partners. d. Partnership shares trade on markets. Nunes. Orta and Paulo are partners providing engineering services. Relevant data regarding income-sharing relationships and capital balances are as follows: Orta retires and recelves $210,000 in cash from the partnership. Partnership net assets are recorded at amounts approximating fair value. If the total goodwill approach is used, goodwill is recognized in the amount of: Select one: a. $30.000 b. $90,000 c. $100,000 d. $120.000 On November 30, 2023, a U.S. company purchased merchandise on credit from a Swiss supplier at an invoice price of CHF1,000, when the exchange rate was $1.08/CHF. On December 31, 2023, the company's year-end, the exchange rate was $1.09/ CHF. On February 1, 2024, the company purchased the CHF1,000 for $1.086/CHF and paid the invoice. On March 15 , 2024. when the exchange rate was $1.083, the company sold the merchandise to a U.S. customer for $2,000. The U.S. company's exchange gain or loss for 2024 is: Select one: a. $4 loss b. $6 loss c. $7 gain d. $4 gain The distinguishing feature of a master limited partnership (MLP) is that: Select one: a. Its income must come mostly from tech-related services. b. Partnership income is not taxed separately. c. Partnership income is defined as the amount of cash distributed to partners. d. Partnership shares trade on markets. Nunes. Orta and Paulo are partners providing engineering services. Relevant data regarding income-sharing relationships and capital balances are as follows: Orta retires and recelves $210,000 in cash from the partnership. Partnership net assets are recorded at amounts approximating fair value. If the total goodwill approach is used, goodwill is recognized in the amount of: Select one: a. $30.000 b. $90,000 c. $100,000 d. $120.000 On November 30, 2023, a U.S. company purchased merchandise on credit from a Swiss supplier at an invoice price of CHF1,000, when the exchange rate was $1.08/CHF. On December 31, 2023, the company's year-end, the exchange rate was $1.09/ CHF. On February 1, 2024, the company purchased the CHF1,000 for $1.086/CHF and paid the invoice. On March 15 , 2024. when the exchange rate was $1.083, the company sold the merchandise to a U.S. customer for $2,000. The U.S. company's exchange gain or loss for 2024 is: Select one: a. $4 loss b. $6 loss c. $7 gain d. $4 gain

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