Answer:
The correct answer is:
C. Partnerships is a reporting entity but not a taxable entity.
Explanation:
Individuals are reporting entities and taxable entities, so a is incorrect. A partnership is not a taxable entity, but partnerships are reporting entities. Because partnerships report their accountant numbers but don't pay direct taxes. However, the individuals in that partnership declare their income and are taxed on their individual earnings. Corporations have to report and get taxed over their income. So the correct option is C.
The answer to E would be C by the definition of a democracy, wherin the people vote. Hope this helps.
Explanation:
After the crash, Hoover announced that the economy was fundamentally sound. On the last day of trading in 1929, the New York Stock Exchange held its annual wild and lavish party, complete with confetti, musicians, and illegal alcohol. The U.S. Department of Labor predicted that 1930 would be A splendid employment year. These sentiments were not as baseless as they may seem in hindsight. Historically, markets cycled up and down, and periods of growth were often followed by downturns that corrected themselves. But this time, there was no market correction; rather, the abrupt shock of the crash was followed by an even more devastating depression. Investors, along with the general public, withdrew their money from banks by the thousands, fearing the banks would go under. The more people pulled out their money in bank runs, the closer the banks came to insolvency.
Because of Mansa Musa's pilgrimage across the world (where he showcased his wealth) the kingdom of Mali gained enormous economic success and recognition. When he went on tour showcasing his wealth to everyone he saw, he arguably became the worlds first 'celerity'. Because of his immense wealth and popularity, word got around quickly on how powerful and wealthy the kingdom of Mali is, and many scholars and all sorts of people flocked to Mali. Mansa Musa built mosques and learning centers, and Mali became a hub of learning and a bustling city. Because Mansa Musa gained celerity like status, others recognized Mali as a good place to make money, learn, worship, and live. Because of this boost of population, Mali's economy grew immensely.
Hope this helps! (you might want to look up certain dates and specifics of his pilgrimage, I hope this is a good outline though!)
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