John,his parents,and three brothers own all the stock of their family farm corporation.This corporation,which is taxed as a corporation,is probably:
A) an S corporation.
B) a C corporation.
C) a close corporation.
D) an LLC.
Correct Answer:
Verified
Q6: Seventy farmers in Morgan County joined together
Q7: Generally,a joint venture is a partnership created
Q9: Cooperatives may be either incorporated or unincorporated
Q17: LLCs offer limited liability for their members
Q19: The corporate form of business was:
A) first
Q21: The process of paying all debts of
Q23: Susan and Brenda started a retail business
Q24: Which of the following is considered by
Q25: An S Corporation cannot have more than
Q27: The importance of a Subchapter S corporation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents