Identify Which of the Following Statements Is True

question 34

Multiple Choice

Identify which of the following statements is true.

• A)Formation of a partnership requires legal documentation.
• B)An individual engaged in the active conduct of a business must elect not to be taxed as a partnership.
• C)A partnership exists as long as there are at least two individuals or entities engaged in the active conduct of a trade or business or a financial operation, and the business is not a trust or a corporation.
• D)All of the above are false.

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Definitions:

Import

In computing, import refers to the action of bringing data into a program or database from an external source.

Datasheet View

A presentation of data in a table format, commonly used in database applications to display records.

Run

In computing, to execute a program or process, initiating its operations.

Open

To engage in accessing the contents of a file, document, or other data storage medium, or beginning the use of an application.