Boutique Corporation would like to change its corporate status to avoid income taxes at the corporate level. To qualify, the shareholders must not be
a. corporations.
b. estates.
c. individuals.
d. partnerships.
d
You might also like to view...
The coefficient of correlation
A. is the same as the coefficient of determination. B. cannot be larger than 100. C. cannot be larger than 1. D. cannot be negative.
Under the Uniform Commercial Code (UCC), a sales contract can be created:
A. when the offeror forms subjective intent to contract. B. in any manner sufficient to show agreement. C. when the contract contains the price terms. D. if the contract is reduced to writing.
________ are capitalized and amortized over their useful life
A) ?Purchased identifiable intangible assets with finite life B) ?Research and development costs C) ?Purchased identifiable intangible assets with indefinite life D) ?Unidentifiable intangible assets
In the ISO Commercial Crime Coverage form, safe burglary is defined as the
A) unlawful taking of property to the deprivation of the insured. B) unlawful taking of property from the care and custody of a person by someone who has caused or threatens to cause bodily harm or who has committed an unlawful act witnessed by that person. C) unlawful taking of money or securities through the alteration of a negotiable instrument. D) unlawful taking of property from within a locked safe or vault by someone who enters the safe or vault as evidenced by marks of forcible entry upon the exterior.