Why do we use k 1? Class 10 !
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Explanation:
The purpose of Schedule K-1 is to report each partner's share of the partnership's earnings, losses, deductions, and credits. It serves a similar purpose for tax reporting as one of the various Forms 1099, which report dividend or interest from securities or income from the sale of securities.
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Answer:
Always draw a figure to avoid any errors. Solution This problem is the opposite of the previous one. The three points are given, and we have to find out the ratio in which one of them divides the line joining the other two. This, on solving gives k = 1.
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