Which of the Following Entities Is Not Considered a Flow-Through

question 12

Multiple Choice

Which of the following entities is not considered a flow-through entity?

• A)C corporation.
• B)S corporation.
• C)Limited liability company (LLC).
• D)Partnership.

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Definitions:

Physical Inventory

A count of all the physical goods and materials in stock at a business, used to verify records and account balances.

Net Income

The remaining profit for a company after subtracting total expenses, taxes, and costs from its total income.

Items Count

A measure or total of individual things or components.

Physical Inventory

The process of counting all physical goods and materials a company has in stock at a specific point in time.