Which of the Following Cannot Be Taxed as a Partnership

question 10

Multiple Choice

Which of the following cannot be taxed as a partnership?

• A)An accounting PLLC
• B)An LLC with only one member
• C)An LLC owning only rental property
• D)A partnership with no limited partners

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Definitions:

Decision Makers

Individuals or groups responsible for making choices that affect an organization's strategies and operations.

General Accounting

The comprehensive process of recording, analyzing, summarizing, and reporting the financial transactions of a business.

Annual Report

A comprehensive report detailing a company's activities and financial performance throughout the preceding year.

Managerial Accountants

Professionals who specialize in providing financial data and analysis to managers within organizations to facilitate informed business decisions.