What is a distinctive factor of an S Corporation?
a. Profits and losses are distributed to stockholders and taxed as personal income
b. Dividends are cut quarterly
c. Founders must convert all of their shares as options
d. Everybody in the venture automatically gets stock
a. Profits and losses are distributed to stockholders and taxed as personal income
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Which of the following is not a requirement for disclaiming a warranty?
A. Inclusion of the word merchantability if merchantability is to be disclaimed. B. An explanation of why the warranty is being disclaimed. C. A conspicuous writing. D. Statutory authorization.
Which of the following product offerings is intangible?
A) fish for an aquarium B) refillable ink cartridges for a computer printer C) a mink coat D) a meal at a fast-food restaurant E) a limousine ride
Government sources of market research regarding B2B markets are most likely to provide
relevant information when a company requires information on ________. A) demographics B) purchasing C) customer operating variables D) customer finance
If a person declares personal bankruptcy for the second time, they are usually automatically discharged from all their debts within
A) 9 months B) 18 months C) 24 months D) 36 months E) 72 months