Which of the Following Does Not Apply to a Partnership

question 35

Multiple Choice

Which of the following does not apply to a partnership?

• A)It must prepare an annual tax return
• B)It must apply for an ABN
• C)It must register the business name
• D)It must prepare financial statements according to the AASB accounting standards

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Definitions:

Acts of Passion

Behaviors driven by strong emotions or desires, often without consideration for the consequences.

Durham Rule

Legal principle stating that the presence of a mental disorder is sufficient to absolve an individual of responsibility for a crime.

American Law Institute (ALI) Rule

A guideline used in some jurisdictions for determining legal insanity, which considers whether a defendant lacks the capacity to understand the wrongfulness of their actions.

Irresistible Impulse Rule

Legal principle stating that even a person who knowingly performs a wrongful act can be absolved of responsibility if he or she was driven by an irresistible impulse to perform the act or had a diminished capacity to resist performing the act.