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Sveta_85 [38]
3 years ago
12

Which of the following statements are TRUE when comparing a corporation and a limited partnership?I A corporation is a taxable e

ntityII A partnership is a taxable entityIII A corporation allows for the flow through of gain and lossIV A partnership allows for the flow through of gain and loss
Business
1 answer:
Verizon [17]3 years ago
5 0

Answer: I. A corporation is a taxable entity.

IV. A partnership allows for the flow through of gain and loss

Explanation:

A corporation is referred to as a legal entity that is created by stockholders, individuals, or shareholders, with the main aim of profit making while a limited partnership occurs when there are two or more partners that go into business together, it should be noted that either one partner or more will be are liable only to their investment amount

When comparing a corporation and a limited partnership, the options that are true are:

• A corporation is a taxable entity.

• A partnership allows for the flow through of gain and loss

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Explanation:

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An adjustment for Prepaid Rent would indicate the amount Question 10 options: expired. on hand. originally paid. of the trial ba
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7 0
4 years ago
Privett Company
aleksandrvk [35]

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Explanation:

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7 0
4 years ago
Help please!! I’ll give Brainliest!
disa [49]

Answer:

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7 0
3 years ago
Read 2 more answers
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