A flow through tax entity does not pay taxes on its profits at the entity level. Which of the following are, or may be structured as, flow through tax entities? A. General partnership. B. S Corporation. C. C Corporation. D. Proprietorship Which of the following securities are exempt from registration? A. Government securities. B. Bank securities. C. Insurance policies. D. None of the above. The rules governing liability of the partnership under the Uniform Partnership Act (UPA) Select the best answer: A. are default rules, like the rules governing the relationship among partners. B. are default rules, as opposed to the rules governing the relationship among partners, which are mandatory. C. are mandatory, like the rules governing the relationship among partners. D. are mandatory, as opposed to the rules governing the relationship among partners, which are default rules. Complete the following phrase with the best selection: When a common stock offering requires registration under the Securities Act of 1933, A. the registration statement is automatically effective when filed with the SEC B. the issuer would act unlawfully if it were to sell the common stock without providing the investor with a prospectus. the SEC will determine the investment value of the common stock before approving the offering. D. the issuer may make sales 10 days after filing the registration statement. E. None of the above