Which of the following characteristics can disqualify a corporation from S corporation status?
A) A corporation has nonresident aliens as shareholders.
B) One of the corporation's shareholders is an estate.
C) A corporation has 101 shareholders including a husband and wife.
D) A corporation has voting and nonvoting stock, but both types of stock confer identical rights to distribution and liquidation proceeds.
A) A corporation has nonresident aliens as shareholders.
An S corporation must not have a nonresident alien as a shareholder.
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When a data set is summarized by counting the number of times each value for a variable occurs in the sample, this is known as a ____________________.
Fill in the blank(s) with the appropriate word(s).
Which of the following is a similarity between a living trust and an inter vivos trust?
A) both of them are subject to probate B) both of them require the beneficiaries to be present during the time of creation of the trust C) both of them are created while the settlor is still alive D) both of them are free from changes resulting from operations of law like annulment
Which of the following is not a common legal theory that serves as a basis for a malpractice suit?
A) negligence B) breach of contract C) strict liability D) fraud
Regardless of the industry you end up working in, it is the people who are the backbone of a successful organization. Knowing how to manage your own behavior as well as the behavior of others lies at the heart of your future career success. This statement sums up which all-encompassing concept?
What will be an ideal response?