Question
The S Corporation, limited liability company and partnerships forms of organization are referred to as: a. Individual taxpayers b. Corporate taxpayers c. Flow-through entities d.
The S Corporation, limited liability company and partnerships forms of organization are referred to as:
| a. Individual taxpayers | ||
| b. Corporate taxpayers | ||
| c. Flow-through entities | ||
| d. Non-profit entities |
Which owner(s) is/are not protected from personal liability for the entitys debts or actions?
| a. C corporation shareholder | ||
| b. S Corporation shareholder | ||
| c. LLC member | ||
| d. Limited partner | ||
| e. Sole proprietor |
-
Business expenses must be ____________ in order to be deductible for tax purposes.
a. ordinary
b. necessary
c. reasonable
d. All of the above
e. None of the above
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The Internal Auditing Handbook
Authors: K. H. Spencer Pickett
3rd Edition
0470518715, 978-0470518717
