URGENT PLEASE NEED IT ASAP

Part II. Combination of True-False, Fill-In, Short-Problems, Multiple Choice. 1 What does LLC stand for? 2 A partnership may be formed either orally or in writing. 3 A partnership pays no DIRECT federal income taxes. 4 In a partnership, each partner has his or her own capital and withdrawals account What is the tax form that is filed by a partnership to the Internal Revenue Service called? 6 What are the five basic types of businesses can be classified as for income tax purposes? TYPES ALSO TAX FORMS 7 What is the term used when a partnership it terminated due to ownership changes but keeps operating? a 8 Partners in a partnership can be only people b only businesses never governments d people, businesses, and governments 9 A partnership has the following accounting amounts: Determine what the net income (loss) was for the partnership using the relevant data below. Sales = $70,000, Cost of Goods Sold = $30,000, Operating Expenses = $10,000, Salary Allocations to Partners = $13,000, Interest paid to banks = $2,000, Interest allocated to Partners = $3,000, Partners Withdrawals = $8,000