Indicate by a PRP If the Characteristic Applies to a Sole

question 54

Short Answer

Indicate by a PRP if the characteristic applies to a sole proprietorship, an SC if it applies to an S corporation, and a PAR if it applies to a partnership, and N if it does not apply to any of the three businesses. A characteristic can apply to more than one entity; write a brief explanation if a characteristic may only apply under certain conditions.
-_____ 1. Operating income taxed to entity.

---

Definitions:

Fluctuating Levels

Variations or changes in intensity, quantity, or value of something over a period of time.

Neurofibrillary Tangles

Abnormal accumulations of a protein called tau that form inside neurons, contributing to neurodegenerative diseases such as Alzheimer's disease.

B-amyloid

A protein fragment snipped from an amyloid precursor protein (APP). In Alzheimer's disease, these fragments accumulate to form hard, insoluble plaques.

Neuronal Degeneration

The progressive loss of structure or function of neurons, including death of neurons, often leading to neurological disorders.