Which is true of an S corporation?
A. There can be no more than 50 shareholders.
B. There can be only one class of stock.
C. A majority of shareholders must agree the company should be an S corporation.
D. All of these are correct.
Answer: B
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Lucy and Desi are experiencing dialectical tensions between themselves that do not involve anyone in their extended family. Which kinds of tensions are Lucy and Desi experiencing?
A. Internal B. Autonomous C. External D. Disconnected
A ________ policy means offering the same price to all customers who purchase products under essentially the same conditions and in the same quantities.
A. differentiated B. one-price C. penetration price D. flexible price E. skimming price
Which of the following is a tax advantage associated with cash value insurance?
A) Capital gains taxes on the cash value build-up are deferred until the cash value is withdrawn. B) Ordinary income taxes on the cash value build-up are deferred until the cash value is withdrawn. C) At death the face amount of the policy passes to the beneficiary free of either income or capital gains taxes. D) All of the above are tax advantages of cash value life insurance.
A corporation is perhaps the easiest form of business to organize.
Answer the following statement true (T) or false (F)