The benefits of the partnership form of business organization over corporations include: A) Single taxation. B) Mutual

Fantastic news! We've Found the answer you've been seeking!

Question:

The benefits of the partnership form of business organization over corporations include:

A) Single taxation.

B) Mutual agency.

C) Limited liability.

D) Difficulty of formation.

E) Ease of raising capital.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Jan 10, 2023 11:09 PM

See More Questions

Identify four disadvantages of a partnership form of business organization.
List the major advantages of the partnership form of business over a corporation.
C and D agree to form a partnership. C is to contribute $50,000 in assets and to devote one-half time to the partnership. D is to contribute $20,000 and to devote full time to the partnership. How...
Write out the equation for the following chemical reaction and balance it. Solid potassium chlorate, KCIO3, decomposes to form solid potassium chloride and diatomic oxygen gas. What is the...
Yappy Company is considering a capital investment of $320,000 in additional equipment. The new equipment is expected to have a useful life of 8 years with no salvage value . Depreciation is computed...
In Problems 3 22, find the amplitude (if one exists), period, and phase shift of each function. Graph each function. Be sure to label key points. Show at least two periods. y = 1/cot (2x - - )
Imagine the following scenario: For some time, you have known that you need to shop for a new mattress. You are putting off doing this because you dread the experience. You imagine yourself walking...
The accounting records of Galvin Architects include the following selected, unadjusted balances at March 31: Accounts Receivable, $1,100; Office Supplies, $1,000; Prepaid Rent, $1,000; Equipment,...
QUESTION ONE a) Distinguish between sale and agreement to sell b) Explain the rights of unpaid seller against the goods c) Explain the nature of the contract of hire purchase QUESTION TWO (5 marks)...
Sofia Lofts case, but under a new set of assumptions on page 11 of the case. First re-read the Sofia Lofts case, then click here to download the new page 11. Specifically, you are to write up a brief...
The Securities and Exchange Commission is permitted by law to register a corporation engage solely in the practice practice of law. Select one: True False
True Or False To recover for intentional misrepresentation, a plaintiff must prove that the defendant knew the misrepresentation was false or acted with reckless indifference to the truth.
Is nondisclosure grounds for misrepresentation? If yes, under what circumstances?
Is making a statement that is a half-truth grounds for misrepresentation?
Legal malpractice claims can be minimized by a. making sure clients know the strengths and weakness of their case. b. keeping clients apprised of the status of their case. c. reassuring clients that...
Why is it important for professionals to maintain adequate records?
The variables t and y are connected by the differential equation dt dy 1 =y(3-y), 3 where 120 and y 20. Given that y= 2 when t=0, show that 3e' y = 1+ e. Show that y 3 when t and sketch the graph of...
Write the statement to store the contents of the txtAge control in an Integer variable named intAge.
In June of 2012, Maureen's house is vandalized during a long-term power failure after a hurricane hit the city. The president of the United States declares Maureen's city a disaster area as a result...
Lisa Sizemore, a taxpayer in the 10-15 percent tax bracket, purchased stock as an investment on July 11, 2011. She sold the stock on July 9, 2012, 2 days before qualifying for the long-term holding...
Abigail (Abby) Boxer is a single mother working as a civilian accountant for the U.S. Army. Her Social Security number is 676-73-3311 and she lives at 3456 Alamo Way, San Antonio, TX 78249. Helen,...
Show that if two given networks are described by $Y_{i}=\sum_{j=1}^{M} T_{i j} X_{j}$ and $Y_{i}^{\prime}=$ $\sum_{j=1}^{M} T_{i j}^{\prime} X_{j}^{\prime}$, then these networks are...
Some FIR filters present a rational transfer function: (a) Show that the transfer function \[H(z)=\frac{\left(r^{-1} z ight)^{-(M+1)}-1}{r e^{\mathrm{j} 2 \pi /(M+1)} z^{-1}-1}\] corresponds to an...
Design second-order lowpass and highpass blocks, and combine them in parallel, to form a bandstop filter with stopband $0.25 \leq \omega \leq 0.35$, where $\omega_{\mathrm{s}}=1$. Plot the...

The benefits of the partnership form of business organization over corporations include: A) Single taxation. B) Mutual

Question:

Expert Answer:

The detailed answer for the above question is provided below A Single taxation The adv... View the full answer

Income Tax Fundamentals 2013

Students also viewed these accounting questions