Which of the Following Entityies)isare)considered Flow-Through

question 15

Multiple Choice

Which of the following entityies) isare) considered flow-through?

• A)C corporation
• B)S corporation
• C)Sole proprietorship
• D)Publicly traded corporation

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Definitions:

Accounting Process

The sequence of activities involving the recording, classification, and summarizing of economic transactions to provide financial information.

Communicating

The process of conveying information between individuals or within an organization to ensure understanding and effective operation.

Identifying

The act of recognizing or establishing as being a particular person or thing; verification of the identity of a person or thing.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the owner's claim against the company’s assets.