Inkglot Technologies, a medium-sized corporation, is allowed to have only 35 stockholders at any point of time. However, all stockholders of the company can actively participate in the management of the company while still maintaining limited liability. Given this information, Inkglot Technologies is most likely a(n):
A. S corporation.
B. C corporation.
C. not-for-profit corporation.
D. statutory close corporation.
Answer: D
You might also like to view...
The_____________method results in the best approximation of replacement cost of goods sold on the income statement during periods of rising prices
Fill in the blank(s) with correct word
Which is the only type of investment that is always classified as short-term?
A) Trading securities B) Held-to-maturity securities C) Available-for-sale securities D) Equity securities
Which of the following statements is true about the Federal Trademark Dilution Act of 1995?
A) The Federal Trademark Dilution Act of 1995 protects trademarks from unauthorized use on competing goods only. B) It extends protection only to identical marks. C) It prohibits the use of "distinctive" or "famous" trademarks even without a showing of consumer confusion. D) It does not consider a trademark's value to be diminished if it is used on unrelated goods.
The U.S. Supreme Court has determined that the hosts of file-sharing and networking sites could be held liable for the distribution of copyrighted material
Indicate whether the statement is true or false