Certain corporations with 100 or fewer stockholders can elect to be treated as a partnership for income tax purposes. These corporations are called S corporations.

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


True

Business

You might also like to view...

The Digital Millennium Copyright Act makes it illegal to:

a. copy computer programs. b. delete copyright information. c. develop certain types of computer programs. d. copy computer chips.

Business

A stock's beta is more relevant as a measure of risk to an investor who holds only one stock than to an investor who holds a well-diversified portfolio.

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

Business

Unless otherwise agreed, an agent making a contract for an unidentified principal is not a party to the contract

Indicate whether the statement is true or false

Business

Musical Productions has a privacy policy posted on its website but it does not follow the provisions contained within it. Musical Productions is in violation of A)the CAN-SPAM Act

B)the Communication Decency Act. C)Section 5 of the FTC Act. D)the Electronic Communications Privacy Act.

Business