Which of the Following Is Not a Correct Statement Regarding

question 126

Multiple Choice

Which of the following is not a correct statement regarding the advantage of the partnership entity form over the C corporation form?

• A) A partnership typically has easier administrative and filing requirements than does a C corporation.
• B) Partnership income is subject to a single level of taxation; corporate income is double taxed.
• C) Partnerships may specially allocate income and expenses among the partners provided the substantial economic effect requirements are met; corporate dividends must be proportionate to shareholdings.
• D) Partners in a general partnership have less personal liability for entity claims than shareholders of a C corporation.

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Definitions:

Object-Oriented Programming

A programming paradigm based on the concept of "objects", which can contain data and code: data in the form of fields, and code in the form of procedures.

Interactions

Exchanges or communications between components in a program or between users and programs.

Remainder Operator

An operator (usually %) used in programming to compute the remainder of the division of two numbers.

Integer Division

The process of dividing two integers resulting in an integer quotient, discarding any remainder.