An S corporation has the federal taxation advantages of a partnership
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: S corporation is a type of corporation that combines the capital-raising options and limited liability of a corporation with the federal taxation advantages of a partnership.
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A partnership:
A. Is a legal organization separate from its owners. B. Has unlimited liability for its partners. C. Has to have a written agreement in order to be legal. D. Is also called a sole proprietorship. E. Has owners called shareholders.
Firms do not usually get rewarded by diversifying investments in different lines of business because ________
A) the capital markets are efficient and they quickly respond to change in economic conditions B) cash flows from such projects tend to respond less to changing economic conditions C) investors themselves can diversify by holding securities in a variety of firms; they do not need the firm to do it for them D) it is not possible for a firm to diversify its risk as the inflation premium is different for different projects
Not all small business owners and managers make a lot of money, nor do they all intend to.
Answer the following statement true (T) or false (F)
In University and Community College System of Nevada v. Farmer, the University was sued because:? A) ?Makoba the black male emigrant was offered a salary well below the advertised salary range
B) ?Yvette Farmer was given preference over Makoba though she was not suitably qualified. C) ?Farmer alleged that because of the University's affirmative action plan they hired a black male (Makoba) despite the fact that she was better qualified. D) ?Both Makoba and Farmer were hired for similar positions but Makoba's salary was significantly lower than Farmer's annual pay.