Which of the following is true of a C Corporation?
A. It does not pay taxes at the corporate level.
B. Shareholders of such a corporation are not required to pay taxes on their dividends.
C. Any corporation with more than 100 shareholders is automatically a C corporation for federal income tax purposes.
D. Nonresident aliens cannot be shareholders unless they demonstrate due diligence in meeting federal requirements for residency status.
Answer: C
You might also like to view...
"Find out what customers want, then provide it to them as cheaply and quickly as possible" is Walmart's
A. growth plan. B. technical plan. C. synergy. D. strategy. E. forecast.
Explain attribution theory.
What will be an ideal response?
The NAICS defines 300 major business sectors that cover all of North America.
Answer the following statement true (T) or false (F)
Indicate whether each of the following statements about markets is true or false. ________ a) Financial resources can be provided to a business by conversion agents.________ b) Resource owners are the businesses that transform resources into products that satisfy consumer desires.________ c) Labor resources include both the physical and intellectual labor of a business's employees.________ d) Conversion agents purchase their resources from resource owners.________ e) Consumers are the main providers of resources in any market.
What will be an ideal response?