The variance of a binomial distribution is expressed as np/(1 - p), where n equals the number of trials and p equals the probability of success of any individual trial

A customer wanting to invest in an oil and gas limited partnership wants to know what her cost basis would be for tax purposes. While there can be a number of variables, cost basis for a limited partner is best defined as

A) noncash contribution + nonrecourse debt - recourse debt B) cash investment made - distributions C) cash investment made + recourse debt - distributions D) recourse debt - cash contributions

Explain data with an example

What will be an ideal response?