Which of the following holds true for a general partnership if the partners have not entered into a written agreement?
A) Partners are required to contribute equal capital to the partnership and bear equal responsibilities.
B) Individual partners are exempted from federal income taxes because those taxes are paid by the partnership.
C) Partners are required to file a partnership return with the Internal Revenue Service that shows the partnership's profit or loss.
D) The partnership is double-taxed because both the partnership and the individual partners pay taxes.
C
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What best describes the time value of money?
a. The interest rate charged on a loan. b. Accounts receivable that are determined uncollectible. c. An investment in a checking account. d. The relationship between time and money.
Calculate the total share of the three largest competitors of a firm, if the firm has a market share of 60% and relative market share of 200
A) 40% B) 30% C) 72.5% D) 20% E) 60%