Which of the Following Statements About a Partnership Is True

question 102

Multiple Choice

Which of the following statements about a partnership is true?

• A)A partnership is a taxpaying entity.
• B)Partners are taxed on distributions from a partnership.
• C)Partners are taxed on their allocable share of income whether it is distributed or not.
• D)Partners are considered employees of the partnership.

---

Definitions:

Prom Dresses

Special formal dresses worn by students attending their high school prom, a significant social and cultural event in many parts of the world.

Valence

In psychology, valence refers to the intrinsic attractiveness or aversiveness of an event, object, or situation.

Approach-Avoidance

A psychological conflict occurring when a goal or event has both attractive and unattractive qualities.

Good-news Messages

Communication that conveys positive, favorable information or outcomes, typically intended to boost morale or inform recipients of beneficial developments.