An S corporation is permitted to claim

A) the dividends-received deduction.
B) a personal exemption.
C) a deduction based on the amortization of organizational expenditures.
D) a net operating loss.


C) a deduction based on the amortization of organizational expenditures.

Business

You might also like to view...

Quality is the totality of features and characteristics of a product or service that bear on its ability to satisfy stated or implied needs

Indicate whether the statement is true or false

Business

Affiliates are compensated in many ways such as pay per sale, pay per click, and pay per lead.

Answer the following statement true (T) or false (F)

Business

For each of the following separate cases, use the information provided to calculate the missing cash inflow or cash outflow using the direct method.(a)Accounts receivable balances:??  Beginning of year $ 60,000?  End of year 57,000?Sales revenue (all on credit) 375,000?Cash received from customers $_______???(b)Accounts payable balances:??  Beginning of year $ 42,000?  End of year45,000?Merchandise inventory balances:??  Beginning of year 50,000?  End of year 47,500?Cost of goods sold250,000?Cash paid for merchandise inventory $_ _____???(c)Interest payable balances:??  Beginning of year $ 7,500?  End of year9,200?Interest expense35,000?Cash paid for interest  $__ ____

What will be an ideal response?

Business

Which of the following is a false assumption made by many salespeople?

A. Price is the only factor in a buying decision. B. Unimportant benefits should be deemphasized. C. Benefits are very important to buyers. D. Psychological factors influence buying decisions. E. Wants and needs motivate buying decisions.

Business