All of the Following Statements Are True Except

question 42

Multiple Choice

All of the following statements are true except

• A)the net income earned by a sole proprietorship is reported on the owner's individual income tax return.
• B)the net income of an S corporation is subject to double taxation because it is taxed at the entity level and dividends paid from the S corporation to individual shareholders are also taxed.
• C)the net income of C corporation is subject to double taxation because it is taxed at the entity level and dividends paid from the C corporation to individual shareholders is also taxed.
• D)LLCs are generally taxed as partnerships.

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Definitions:

Efficiency

The ability to accomplish a task or goal with a minimal waste of time, effort, and resource.

Network

A system of interconnected people or things.

Tasks

Activities or pieces of work that need to be done or accomplished.

Emotion-focused Coping

A strategy to manage stress by reducing the negative emotional responses associated with stress, rather than confronting the root problems directly.