Answer the following statement true (T) or false (F):Mark is a cash basis taxpayer. He is a partner in the M & M partnership, and his share of the partnership's profits for 2019 is $90,000. Only $40,000 was distributed to him in January 2019, and this was his share of the 2018 partnership profits. None of the 2019 profits was distributed. Mark's gross income from the partnership for 2019 is $40,000.

None of the 2019 profits was distributed. TRUE, you cannot distribute profits before you make them. The year has just started, so any distributions must correspond to the prior year.

Mark's gross income from the partnership for 2019 is $40,000. FALSE, a partnership is a pass through entity, and each partner is responsible for his/her complete share of the profits. In this case, Mar's income = $90,000

i think this is true i hope this

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.