Which of the Following Type of Organization Is Classified as a Partnership

question 78

Multiple Choice

Which of the following type of organization is classified as a partnership, or similar to a partnership, for tax purposes?(I.) Limited Liability Company(II.) Limited Liability Partnership(III.) Subchapter S Corporation

• A) II only.
• B) II and III.
• C) I and II.
• D) I and III.
• E) I, II, and III.

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Definitions:

Reference

In programming, a reference is a variable that provides a way to access the data located at a specific address in memory.

Inner Classes

Classes defined within another class, used to logically group classes that are only used in one place.

Outer Class

A class that surrounds and contains an inner class, providing scope to the inner class but not vice versa.

Finalize

A method in Java used for cleanup just before garbage collection.