An S corporation ________.
A) combines limited liability of a corporation with the federal taxation advantages of a partnership
B) does not have such advantages as limited liability of investments
C) does not split the ownership into smaller units
D) files income tax returns in a country other than the country of operation
E) combines limited ownership of a proprietorship with the capital-raising options of a corporation

Question

Quizplus · Accepted Answer

A)S corporation is a type of corporation that combines the capital-raising options and limited liability of a corporation with the federal taxation advantages of a partnership.
B)S corporation is a type of corporation that combines the capital-raising options and limited liability of a corporation with the federal taxation advantages of a partnership.
C)S corporation is a type of corporation that combines the capital-raising options and limited liability of a corporation with the federal taxation advantages of a partnership.
D)S corporation is a type of corporation that combines the capital-raising options and limited liability of a corporation with the federal taxation advantages of a partnership.
E)S corporation is a type of corporation that combines the capital-raising options and limited liability of a corporation with the federal taxation advantages of a partnership.

An S Corporation ________