Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. yvonne and larry plan to begin a business that wil

Yvonne and Larry plan to begin a business that will grow plants for sale to...

80.2K

Verified Solution

Question

Accounting

Yvonne and Larry plan to begin a business that will grow plants for sale to retail nurseries. They expect to have substantial losses for the first three years of operations while and their sales operations. Both Yvonne and Larry have substantial interest income, and both expect to work full-time in this new business. List three advantages for operat partnership instead of a C corporation. O A. Advantages include (1) partnerships are not subject to tax, thereby eliminating the problem of double taxation that exists for C corporations, (2) partners may divide t loss among themselves without regard to their proportionate capital interests, (3) partners prefer partnerships because contributions to partnerships and selling partn subject to easy accounting rules. B. Advantages include (1) partnerships are popular because of the relative simplicity and informality inherent in creating and operating such entities, (2) partnerships ar However, C corporations are taxed multiple times, (3) under the conduit principle of

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students