Question: A pass - through entity is one in which Group of answer choices corporate taxes must be paid. the owner ( s ) have no

A pass-through entity is one in which
Group of answer choices
corporate taxes must be paid.
the owner(s) have no liability for business debts.
there is no joint and several liability.
profits are taxed after they are distributed to owner(s).

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Flag question: Question 1 Question 1 1 pts A client wants to reduce the property's hazard insurance coverage substantially, in order to save money on the premiums. If the property manager tries to...

Q:

1) Laws enacted by the U.S. Congress, the legislature of the state of Ohio, and Delaware County, Pennsylvania are all: Group of answer choices case law constitutional law statutory law administrative...

Q:

Under the Comprehensive Environmental Response, Compensation and Liability Act, liability for the release of a hazardous substance on an owner's property is placed on the Group of answer choices the...

Q:

1.It is understood that most vegetation stays with a real property when sold. Which type of vegetation needs to be mentioned in a contract and have its ownership determined in writing upon the sale...

Q:

You don't have to give explanation... Please help me as soon as possible. 1* Typically contracts must be in a signed writing to be enforced in court for: Group of answer choices sale of real property...

Q:

Which of the following does not apply to arbitration? Group of answer choices Neutral third party provides the parties with a decision on who prevails in the dispute Takes place in a hearing which is...

Q:

Researching changing consumer needs and desires for airline travel is a key aspect of American Airlines' business plan. Which of the following HR planning activities BEST supports this practice?...

Q:

American airlines case Researching changing consumer needs and desires for airline travel is a key aspect of American Airlines' business plan. Which of the following HR planning activities BEST...

Q:

Which of the following forms of business structure has the easiest means of transfer of ownership interests? Group of answer choices Subchapter S corporations LLCs LLPs C corporations Flag question:...

Q:

Question 21 1pts These do not form part of the outstanding capital stock: (Phil CPA, 92-2; 96-1) Group of answer choices Redeemable Shares Treasury Shares Bonus Shares Founder's Shares Flag this...

Q:

Marigold anticipates producing 500 license plates during his stay in a Miami jail during July. The budgeted costs for July are $5750 with $4350 being related to variable costs. How much will the...

Q:

For the continuous distribution of the interval 0 to a, we have two unbiased estimators for a: the moment estimator a1 = 2X and a2 = [(n + 1/n] max (Xi), where max (Xi) is the largest observation in...

Q:

HELP In May, one of the processing departments at Stitzel Corporation had beginning work in process inventory of $38,000 and ending work in process inventory of $13,000. During the month, the cost of...

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.