Individual Proprietors Report Their Business Income and Deductions On

question 21

Multiple Choice

Individual proprietors report their business income and deductions on:

• A)Form 1065.
• B)Form 1120S.
• C)Schedule C.
• D)Schedule A.
• E)Form 1041.

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Definitions:

Gross Collection Ratio

A financial metric that measures the total amount of revenue collected versus the total amount charged.

Chronological Order

The arrangement of events, documents, or actions in the order of their occurrence in time.

Alphabetically

In the sequence of the characters of the alphabet.