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For federal income tax purposes, a partnership is a Required to distribute profits to the partners to avoid tax liability. b A nontaxable entity. c
For federal income tax purposes, a partnership is
| a | Required to distribute profits to the partners to avoid tax liability. | |
| b | A nontaxable entity. | |
| c | Treated the same as an S corporation. | |
| d | A taxable entity. |
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The Internal Auditor At Work A Practical Guide To Everyday Challenges
Authors: K. H. Spencer Pickett
1st Edition
0471458392, 978-0471458395
