A Sole Proprietor Is Required to Use the Same Reporting

question 12

True/False

A sole proprietor is required to use the same reporting period for both business and individual tax information.

---

Definitions:

Percent Slip

The percent of speed difference between the speed of the rotor and the speed of the rotation magnetic field of a motor.

Synchronous Motor

A type of AC motor that operates at a speed directly proportional to the frequency of the current supply.

Power Factor Correction

Adding capacitance or inductance to a circuit to cause the current and voltage to become more in phase with each other.

Synchronous Condenser

A term used to describe a synchronous motor that is used to provide power factor correction.