When Must a Partnership File Its Return

question 33

Multiple Choice

When must a partnership file its return?

• A)By the 15^th day of the third month after the partnership's tax year-end.
• B)By the seventh month after the original due date if an extension is filed.
• C)By the 15^th day of the fourth month after the partnership's tax year-end.
• D)By the 15^th day of the third month after the partnership's tax year-end and by the seventh month after the original due date if an extension is filed.
• E)By the fifth month after the original due date if an extension is filed and by the 15^th day of the fourth month after the partnership's tax year-end.

---

Definitions:

Ordinary Shares

Shares of a company that entitle the holder to dividends as declared and give them voting rights in company meetings.

Discontinued Operation

A component of a company's business that has been sold or discontinued, with its results reported separately in the financial statements.

Comprehensive Income

The change in equity of a company during a period from transactions and other events from non-owner sources. It includes all revenues, gains, expenses, and losses.

Numerators

Numerators, in finance and accounting, typically refer to the top numbers in fractions or ratios, often used in calculations to assess financial performance measures, such as earnings per share.