What Tax Year-End Must an Unincorporated Entity with Only One

question 67

Multiple Choice

What tax year-end must an unincorporated entity with only one owner adopt?

• A)The entity is free to adopt any tax year-end.
• B)The entity must adopt the same year-end as its owner.
• C)The entity must adopt a calendar year-end.
• D)The entity may adopt any year-end except for a calendar year-end.

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Definitions:

Molecule

The smallest unit of a chemical compound that can exist; it consists of a group of atoms bonded together, representing the compound's chemical properties.

Relative Frequencies

The proportion of occurrences of a specific value relative to the aggregate count of observations, frequently shown as a percentage.

Sample Size

The number of observations or data points collected in a study or used in a statistical analysis.

Vertical Axis

The perpendicular line in a graph or chart representing the range of one of the variables under consideration.