Which of the Following Statements Exemplifies the Entity Theory of Partnership

question 6

Multiple Choice

Which of the following statements exemplifies the entity theory of partnership taxation?

• A)Partnerships are taxable entities.
• B)Partnerships determine the character of separately stated items at the partnership level.
• C)Partnerships make the majority of the tax elections.
• D)Both partnerships are taxable entities and partnerships make the majority of the tax elections.
• E)Both partnerships determine the character of separately stated items at the partnership level and partnerships make the majority of the tax elections.

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