_____ Is a Corporation That,after Meeting Certain Eligibility Criteria,can Elect

question 105

Multiple Choice

_____ is a corporation that,after meeting certain eligibility criteria,can elect to be treated like a partnership for tax purposes,thus avoiding paying corporate income tax.

• A)Quasi corporation
• B)C corporation
• C)S corporation
• D)Series LLC
• E)A conglomerate

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Definitions:

Merchandise Valued

The estimated worth or price of goods that are bought and sold in business transactions.

British Pound

The currency of the United Kingdom, also known formally as the pound sterling, used throughout the UK and its territories.

U.S. Dollar

The currency of the United States, widely used worldwide as a standard for financial transactions.

Merchandise Valued

The total worth of goods held by a company for the purpose of resale.