Although shares of master limited partnerships can be purchased on one ofthe national stock exchanges, these companies are taxed like partnerships.True or FalseTrueFalse

Master limited partnership is a publicly traded partnership and also offers the tax benefits of a…

Answered: Although shares of master limited…

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

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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.
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
Meredith had always dreamed about starting her own publishing company. She talked about it constantly. Her family figured she probably would. It began at the age of six when Meredith created a newsletter which she distributed to her classmates each week. She charged them one penny per copy. Since her customers were only six years old, she often had a hard time collecting payment. Fortunately, she had an older brother Thomas who was quite persuasive. He became her debt collector. About five years later, Meredith quit the newsletter and began writing articles for the school newsletter. She was the youngest journalist the school had ever had. Meredith became fairly well known in the local area after she uncovered a story about corruption in the high school student council. It seemed that the student council had been bribed by teachers with candy bars, pizza, and photos of puppy dogs. In exchange, the student council was supposed to implement policies the teachers wanted implemented. In…
Subject: Law on Partnership and Corporations True or False.
Select the best answer. Which of the following statements regarding various entities is true? O O O A. A business entity with only one owner is classified as a corporation or is disregarded. ion Q 10 B. A disadvantage of a pass-through entity is double taxation. C. By default, an eligible entity that has a single member will be treated as a limited partnership. Partnerships are taxpaying entities, because tax attributes pass through to the individual partners. O D. Submit Answers 100% Complete Exit
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
2. options are Partnership Sole propitership LLC Corparation

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