Answered: Although shares of master limited…

Although shares of master limited partnerships can be purchased on one of the national stock exchanges, these companies are taxed like partnerships True False

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Related questions

Q: 9. Under Section 22 (B) of the Tax Code, the term "corporation" does not include: Associations…

A: The tax code is the law presiding over the Philippines that guides tax compliance in the country.

Q: The difference between partnership and corporation can be best described in which of the following…

A: Partnership is the association of two or more individuals who collaborate with a view to conduct a…

Q: 2. Páid up čapital of 3. Required percentac

A: Corporation refers to the concept which differentiates the company from its owners legally.…

Q: Which of the following statements is incorrect? New term for the corporation in the revised…

A: The preference shareholders have no rights and privileges as enjoyed by the equity share holder....…

Q: Which of the following statements is CORRECT? a. One of the disadvantages of incorporating a…

A: There are many disadvantages of incorporating a business but the one mentioned above is not because…

Q: Which of the following entities is subject to double taxation? A) S Corporation B) Sole…

A: The objective of the question is to identify which type of business entity is subject to double…

Q: Is it possible for a nonstock and stock corporation to merge? What happens with their share and…

A: A corporation can be referred to as an organization which is incorporated for the purpose of…

Q: Please correct and incorrect option explanation

A: Incorrect option: Option D: Under federal tax law for limited partnerships, the limited partners but…

Q: True or false Corporations are legal entities separate from their owners and offer the…

A: 1. Corporation's main advantage is that the entity is separate from the owners. Hence the liability…

Q: For Federal income tax purposes, a distribution from a partnership to a partner is treated the same…

A: The correct option with proper explanation are as follows:

Q: select the best answer. Which of the following statements is false related to a partnership? O O A.…

A: The question asks us to identify the false statement related to a partnership. A partnership is a…

Q: 6. These give the holders the privilege to purchase shares of stocks at a price lower than the…

Q: Income from an S corporation is calculated in the same way as from a partnership and is reported on…

A: Answer In S corporation as per federal income tax purpose the shareholders are taxes as an…

Q: Discuss the advantages of forming a corporation over a partnership.

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Which of the following statements is true? a. S corporations are typically subject to one level of…

A: The correct answer is:b. Partnerships are typically subject to one level of tax at the partner…

Q: Which of the following statements is true about a Subchapter S corporation? It is taxed like a…

A: There are mainly various types of organization under which an organization can run business. One of…

Q: 4) Identify which of the following statements is true. A) The S corporation rules were enacted to…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A subsidiary corporation is liquidated under Section 332. Pursuant to its liquidation, the…

A: In section 332 no gain or loss is recognized by a parent corporation on the receipt of property…

Q: The practice generally known as double taxation is due to: corporate incomes being taxed at the…

A: Double taxation refers to the imposition of taxes on the same income or financial transaction by…

Q: Which of the following would not be true of a privately held corporation? * It is sometimes called a…

A: Privately held corporation is also known as closely held corporation as its shares are held by small…

Q: A corporate distribution is includible in a shareholder’s gross income to the extent that it is a…

A: A dividend is a dispersion of benefits by an organization to its investors. At the point when a…

Q: Corporate dividends represent: Multiple Choice о O tax-free income for the recipient because they…

A: Understanding the taxation of corporate dividends is critical for both corporations and individual…

Q: which of the following statements regarding entities is true ? (a) c corporation is an…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : What…

Q: If the articles of incorporation do not include a pre-emptive right, the firm has a choice of…

A: Pre-emptive rights: the firm can issue the shares first to the existing shareholders and the…

Q: Hippo Co. is a holding company. It holds all the shares of Opco. Shareholder H holds all the shares…

A: According to the tax rules, a capital gain is calculated by deducting cost of the asset from its net…

Q: Which of the following entities is subject to double taxation? A) S Corporation B) Sole…

A: The objective of the question is to identify which type of business entity is subject to double…

Q: S corporations.

A: C corporation for tax purposes means Double taxation in which shareholders are taxed seperately from…

Q: Partnerships: a.Are not taxable entities. b.Are taxed in the same manner as individuals. c.File tax…

A: Solution: As per IRS, Partnership are not taxable entities, instead individual partners are taxed…

Q: Unless a “check the box” election is made on Form 8832, a Limited Liability Company (LLC) formed in…

A: Form 8832 : This form is filled by business entities for entity classification election for income…

Q: Limited liability companies (LLCs) differ from limited partnerships in that Select one: a. owners of…

A: Limited liability company or LLC is defined as the business structure in United States, which used…

Q: What if half of the voting stock is owned by another corporation which is not a close corporation,…

A: Voting stock: Percentage of stock that gives right to the holder to vote in the meetings is known as…

Q: r federal income tax purposes, a partnership is A taxable entity. Treated the same as an S…

A: Partnership -A partnership is a contract in which two or more people, referred to as business…

Q: Interest on debt incurred to acquire shares in a public corporation is only deductible if the shares…

A: If the money is borrowed to purchase shares, the interest expenses will generally be deductible if…

Q: indicate True or False: Subchapter S corp is a pass through entity.____________________.…

A: 1.True S-corporations are pass-through entities. That is, the corporation itself is not subject to…

Q: A limited liability company (LLC) is taxed like a partnership but provides limited liability for its…

A: A business entity is an organization created by one or more individuals in order to carry out…

Q: Which of the following statements is true related to the conversion of a regular corporation to a…

A: In a partnership, two or more people or organizations agree to invest money, time, and expertise in…

Q: Question 1 Which of the following type of organization is classified as a partnership, or similar to…

A: Partnership is a agreement between two or more persons to operate common business and share profit…

Q: Tax Drill - Overview of LLCS Indicate whether the following statements are "True" or "False"…

A: LLC is a Limited liability company and it is a hybrid type of business structure, wherein owners of…

Q: In a limited liability company, profits are taxed as a partnership. True False

A: A domestic LLC with at least two members is classified as a partnership for federal income tax…

Q: Which of the following can be eligible shareholders in an S Corporation? O Partnership. A Resident…

A: An S Corporation is a unique form of corporation primarily created for federal tax purposes. Such…

Question

Although shares of master limited partnerships can be purchased on one of the national stock exchanges, these companies are taxed like partnerships

True

False

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Introduction

VIEW

Explanation

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Identify the false statement: A. Dividends earned by a resident foreign corporation from a domestic corporation is inter-corporate dividend exempt from income tax. B. Dividends earned by a domestic corporation from a foreign source is inter-corporate dividend exempt from income tax, with certain conditions. C. Dividends earned by a domestic corporation from another domestic corporation is inter-corporate dividend exempt from income tax. D. A corporation may be formed by one person only. E. Every partnership shall be taxed in the same manner as a corporation. F. The share of a partner in the income of a professional partnership shall be subject to regular income tax. G. None of the above.
Subject: Law on Partnership and Corporations
Please indicate which of the following statements is true regarding types of business entities? Multiple Choice O None of the choices are true. Ownership in a partnership is represented by having shares of common stock. For accounting purposes a sole proprietorship is not a separate entity from its owner. Sole proprietorships are subject to double taxation.
Question One: State whether each of the following statements is true or false and correct the false statements: 1. General partnerships are not subject to taxes on its income. 2. Double taxation is one of the major disadvantages of partnerships. 3. In limited partnerships limited partner has the right to manage the business. 4. Mutual agency does not exist in partnerships. 5. Corporations can be formed by a verbal agreement.
Identify which of the following statements are true for the corporate form of organization. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? Corporate income that is distributed to shareholders is usually taxed twice. ? Corporations are often subject to fewer regulations than partnerships. ? The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. ? It has many of the same rights as an individual. ? It does not end with the death of an owner. ?Stockholders are expected to hire and fire key executives. ? The president and vice presidents choose the board of directors.
give correct ans with explanation
Issued shares are the Number of shares that have been distributed to shareholders Total number of shares that can be issued by the corporation at any time Number of shares that are owned by shareholders at the balance sheet date Number of shares the corporation has repurchased Non-cash assets invested into a partnership are recorded at * Zero Their original cost O Their carrying value Their fair market value
Subject: Law on Partnership and Corporations True or False.
Under the Corporate form of business: the corporation is subject to double taxation a shareholder can be personally liable for the debts of the corporation. shareholders can bind the corporation through mutual agency shareholders need the approval of the board of directors to sell their shares of stock the life of the corporation is limited
Which of the following is a distinguishing feature of a limited liability partnership? Question 10 options: a) It is intended to address the concerns of professionals who are not permitted to form corporations. b) It is a form of business that is not yet available in Canada. c) Its partners are shareholders. d) The liability of some of the partners is limited to their capital contribution.
S1 A partnership is allowed to become a shareholder of a corporation. S2 A shareholder is allowed to become a partner of a partnership. a. Both statements are true b. Both statements are false c. One statement is true, and the other one is false S1 A corporation’s by-laws are the same as its articles of incorporation. S2 The share certificate is issued upon subscription of the share capital. a. Both statements are true b. Both statements are false c. One statement is true, and the other one is false
Shareholders in a corporation are obligated to pay income tax twice on one stream of income in a process called double taxation. Other than personal income taxes, which type of tax must shareholders pay? a) Self Employment Tax b) Corporate Dividend Tax c) Federal Income Tax d) Capital Gains Tax

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS