Which of the Following Statements Exemplifies the Entity Theory of Partnership

question 103

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 are correct
• E) Both partnerships determine the character of separately stated items at the partnership level and partnerships make the majority of the tax elections are correct

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