Which One of the Following Statements Is Correct

question 20

Multiple Choice

Which one of the following statements is correct?

• A)All types of business formations have limited lives.
• B)Partnerships are the most complicated type of business to form.
• C)Sole proprietorships and partnerships are taxed in a similar fashion.
• D)General partnerships and corporations provide limited liability for all owners.
• E)Both partnerships and corporations incur double taxation.

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Definitions:

Chair Conformer

A specific spatial arrangement of the cyclohexane ring that minimizes steric strain, resembling a chair shape.

Axial Hydrogens

Hydrogen atoms positioned along the axis of a molecule, perpendicular to a specified plane, often referring to cyclohexane conformations.

Cyclohexane

A saturated hydrocarbon with the molecular formula \(C_6H_{12}\), consisting of a ring of six carbon atoms, and is often used as a nonpolar solvent in chemistry.

Alkyl Substituents

Alkyl substituents are groups of carbon and hydrogen atoms attached to a molecule, derived from alkanes by removing one hydrogen atom.