An LLP has a(n) ________ tax benefit, where no tax is paid at the partnership level, and all profits and losses are reported on the individual partners' income tax returns.
A. overpass
B. flow-through
C. double
D. no
Answer: B
You might also like to view...
The event or point in time when a contingency plan will be implemented is called a(n) ________.
Fill in the blank(s) with the appropriate word(s).
________ refers to people's reactions to being observed or studied resulting in superficial rather than meaningful changes in behavior.
A. The division of labor B. Scientific management C. The Hawthorne effect D. Subordination of individual interest to the general interest E. Esprit de corps
Saddleback Company paid off $30,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation?
A. Assets, $30,000 decrease; liabilities, $30,000 increase. B. Assets, $30,000 decrease; liabilities, $30,000 decrease. C. Assets, $30,000 decrease; equity $30,000 decrease. D. Assets, $30,000 increase; equity, $30,000 increase. E. Liabilities, $30,000 decrease; equity, $30,000 increase.
Which one of the following statements is correct concerning the mutual fund cash ratio (MFCR)?
A) The lower the value of the MFCR, the stronger the market will be in the future. B) The MFCR is equal to the cash inflows into money market funds divided by the cash flows out of money market funds. C) A low MFCR indicates that fund managers might be forced to sell securities should investors wish to withdraw funds. D) A MFCR greater than 12% is considered a bearish signal.