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Why Are Partnerships and S Corporations Called Flow-Through Entities

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Why are partnerships and S corporations called flow-through entities?

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Definitions:

Process Time

The duration it takes to complete a specific task or operation from start to finish in a manufacturing or service process.

LPT

Shortest Processing Time, a rule used in job sequencing to minimize the total processing time by scheduling jobs in ascending order of their processing times.

EDD

Expected Due Date, often used in project management and logistics to estimate when tasks or shipments will be completed or arrive.

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