Hollister and Gladys do business as partners in Frothy Confections. For federal income tax purposes, Frothy Confections would be treated as.

a. a pass-through entity.
b. a natural person.
c. a tax-paying entity.
d. a partnership by estoppel.

The correct answer is letter "A": a pass-through entity.

Explanation:

A pass-through entity is the type of business that passes income liabilities to its owners. It implies the institution's taxes are reported in the owners' tax return. Partnerships are the type of companies where owners share liabilities proportionally to their contribution to the partnership.

Therefore, Hollister and Gladys, who have a partnership in Frothy Confections, will have to report taxes of the business in their tax returns since Frothy Confections is considered a pass-through entity for federal income tax purposes.

the answer is . a novel has no sub-plot, but a novella does

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number