It is a form of organization; its purpose is to gain for producers or consumers the profits or savings which would otherwise accrue to middlemen. Its income is periodically distributed to members in the form of patronage refund

It is a form of organization; its purpose is to gain for producers or consumers the profits or savings which would otherwise accrue to middlemen. Its income is periodically distributed to members in the form of patronage refund

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter4: Additional Income And The Qualified Business Income Deduction

Section: Chapter Questions

Problem 20MCQ

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Question

It is a form of organization; its
purpose is to gain for producers or
consumers the profits or savings
which would otherwise accrue to
middlemen. Its income is periodically
distributed to members in the form of
patronage refund
O A. Partnership
B. Corporation
O c. Cooperative
D. Sole proprietorship

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