A corporation ceases to exist if a shareholder dies, becomes insane, or goes bankrupt
Indicate whether the statement is true or false
FALSE
You might also like to view...
Each partner's share of partnership income is reported on each partner's tax return
Indicate whether the statement is true or false
Which of the following taxes must be paid by both the employee and the employer?
a. Social security tax (FICA) b. State unemployment tax c. State withholding tax d. Federal unemployment tax
The accounts of Mason Company at the end of the past year report the following amounts:Accounts AmountDividends……. $15,500Revenues…………………………… $97,000Expenses……………………………. $43,800Stock issuances………………..... 2,000If the beginning equity for the year was $173,000, calculate the ending equity for Mason Company.
What will be an ideal response?
Milo files a suit against Nick in an Ohio state court, noting that Nick operates a Web site through which Ohio residents have done substantial business with him. The court is most likely to have jurisdiction over Nick if Milo's claim arises from?
A) ?anything an Ohio resident has done B)? Nick's Web site activities. C) ?nothing an Ohio resident has done. D) ?something other than Nick's Web site.