When the rules governing regular (C) corporations and partnerships are compared, which of the following...
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Accounting
When the rules governing regular (C) corporations and partnerships are compared, which of the following statements relate only to partnerships:
Excess long-term capital losses are carried back three years, then carried forward five years, to be offset against the entitys capital gains in those years
The entity may claim a dividends received deduction
Net capital gains and losses are passed through the entity to its owners
Charitable contributions are subject to a limitation of 10% of the entitys income
Business profits are subject to double taxation
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