A Type of Partnership Called a ________ Acts Much Like

question 211

Multiple Choice

A type of partnership called a ________ acts much like a corporation and is traded on stock exchanges, but it is taxed like a partnership with profits passing through to the owners and taxed as the owner's personal income.

• A) limited partnership
• B) combined general partnership
• C) cooperative partnership
• D) master limited partnership

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Definitions:

Explanation

A statement or account that makes something clear by describing it in detail, often to elucidate a particular phenomenon.

Geologic Timescale

A system used by geologists to describe the timing and relationships between events that have occurred throughout Earth's history.

Stratigraphic Timeline

A chronological ordering of layered sedimentary rocks, representing the sequential events in the Earth's geologic history.

Mesozoic Era

A major subdivision of geologic time from 251 million years ago (Ma) to 65 Ma; characterized by dinosaurs.