Which of the following entity (ies) is (are) considered flow-through? a. Partnership. b. S Corporation. c. LLC.
Question:
Which of the following entity (ies) is (are) considered flow-through?
a. Partnership.
b. S Corporation.
c. LLC.
d. All are considered flow-through entities.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
d All are considered flowthrough enti...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
Question Posted:
Students also viewed these Business questions
-
Multiple Choice 1. An auditor would be most likely to identify a contingent liability by obtaining a (n) a. Accounts payable confirmation. b. Bank confirmation of the entitys cash balance. c. Letter...
-
Multiple-choice questions: a. Which of the following does the Financial Accounting Standards Board not issue? 1. SOPs 2. SFASs 3. Interpretations 4. Technical bulletins 5. SFACs b. According to SFAC...
-
Multiple Choice Question 1. The audit client has acquired another company by purchase. Which of the following would be the best audit procedure to test the appropriateness of the allocation of cost...
-
You are the manager of a large car dealership. At present, you rely on a large pool of dealers to sell your product, but you have noticed recently that consumer opinion appears to be turning away...
-
Let A, B R, where A = {x|x2 - 7x = -12} and B = {x|x2 - x = 6}. Determine A U B and A B.
-
Compare and contrast the exercise procedure for stock options with that for index options. What major advantage does exercising an index option have over exercising a stock option?
-
Using the variance data for Menounos Manufacturing Co., prepare an income statement through gross profit for the year ended December 31, 20Y6. Assume the company sold 3,000 units at $100 per unit.
-
Elizabeth Bailey is the owner and general manager of Princess Brides, which provides a wedding planning service in Southwest Louisiana. She uses radio advertising to market her business. Two types of...
-
Find the distance 'x' in this figure, accurate to 3 decimal places (i.e. 0.001"). (Hint: Locate two important points to form the required right-triangle to solve the question. The circle center is...
-
Reshier Company makes three types of rug shampooers. Model 1 is the basic model rented through hardware stores and supermarkets. Model 2 is a more advanced model with both dry and wet-vacuuming...
-
What is the maximum amount of passive losses from a rental activity that a taxpayer can deduct against active and portfolio income per year (assuming no passive loss limitation due to AGI or personal...
-
From which of the following flow-through entities is ordinary income (K-1) considered self-employment income? a. Partnership. b. S Corporation. c. Trusts. d. Estates.
-
For the following exercise, choose the correct answer choice. A doctor and injects a patient with 13 milligrams of radioactive dye that decays exponentially. After 12 minutes, there are 4.75...
-
What is common law and what are the characteristics of common law. Please provide a detailed answers.?
-
A start-up gaming company is crowdfunding their latest project. So far, they have received 3,937$. The company needs to raise 7,209$. $7209=3937+S$ for $s$, the additional money the company needs to...
-
clio offers the ability to add time in many places to capture every minute the attorney is working on a client's matter. of the options given, select all the areas where you can create or add a time...
-
The way we work, where we work, the environment we work in, and how we communicate with coworkers have changed dramatically over the past few years. Work that was traditionally performed in a...
-
What do you believe to be the role of leadership in ethical corporate citizenship? Are there role differences between leadership of organizations conducting business solely locally vs. those...
-
Fill in the correct word from the following list: accept, the drawer, trade bill, promissory note, the drawee, You Owe Me, I Owe You, banker's acceptance, trade acceptance. As the word suggests, in...
-
Should U.S. antidumping laws be stated in terms of average total costs or average variable costs?
-
Which ethical viewpoint do you think is the best? Describe the viewpoint and explain your choice.
-
Using the three-component model for creativity, which area do you believe would be easiest for managers to affect? Why?
-
Describe the three key elements of motivation.
-
In this module, we discussed reporting and analyzing performance data. Take a look at your local school district, city, or county government website. Discuss the following: 1. Post a link and give a...
-
With reference to a project of your own, draw a project team charter and include the relevant details for the project you had selected.
-
In this Week 7 discussion, you will post at least two paragraphs to discuss global sourcing and procurement. In your discussion post, you will address the challenges in implementing a global sourcing...
Study smarter with the SolutionInn App