Identify which of the following statements is true.
A) Under the check-the-box rules, an LLC with more than one member is taxed as a corporation unless it elects to be taxed as a partnership.
B) The partnership's tax year closes with respect to a partner whose interest is transferred by gift.
C) An LLC has been taxed as a partnership for five years. Under the check-the-box rules, the LLC makes a timely election in 2009 to be taxed as a C corporation. The election of C corporation status is permitted and results in the LLC's assets being transferred from a partnership to a C corporation under the federal income tax rules.
D) All of the above are false.
C) An LLC has been taxed as a partnership for five years. Under the check-the-box rules, the LLC makes a timely election in 2009 to be taxed as a C corporation. The election of C corporation status is permitted and results in the LLC's assets being transferred from a partnership to a C corporation under the federal income tax rules.
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Dino Corp. is a start-up located in Orlando. It offers highly beneficial pension plans to its employees. Which category of employees is the company most likely to attract through its pension benefits?
A. young people B. disabled workers C. women of childbearing age D. unmarried people E. older people
A typewriter has a mean time between failures of 420 hr and mean time to repair of 14 hr. In this case, the availability is ______.
A. 96.8% B. 89.6% C. 77.3% D. 88.1%
Describe the four types of personalities and some characteristics of each.
What will be an ideal response?
A static budget is
A) prepared for a particular level of activity. B) prepared for several levels of activity. C) always prepared for the actual level of activity. D) not used for measuring effectiveness. E) none of these.