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Lerok [7]
3 years ago
6

A type of partnership called a ___________ acts much like a corporation and is traded on stock exchanges, but it is taxed like a

partnership with profits passing through to the owners and taxed as the owner's personal income.
A. limited partnership
B. combined general partnership
C. cooperative partnership
D. master limited partnership
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
4 0

Answer:

The correct answer is letter "D": master limited partnership.

Explanation:

A Master Limited Partnership or MLP is a publicly-traded partnership in which the limited partnership interest is traded in much the same way as the corporate shares. In an MLP there are two groups of partners: <em>the general partner</em> -holding a small percentage- and the <em>limited partners</em> -controlling most of the partnership. The limited partners pay MLP revenue taxes on their personal income tax returns.

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