Identify Which of the Following Statements Is True

question 87

Multiple Choice

Identify which of the following statements is true.

• A)The S corporation rules were enacted to allow small corporations to enjoy the nontax advantages of the corporate form of business without being subject to the tax disadvantage of double taxation.
• B)A partnership can elect to be taxed as a corporation under the check-the-box regulations. As a corporation, an S election can be made.
• C)For C corporations that desire to be taxed like a partnership, the S corporation rules provide a practical alternative for an existing C corporation to obtain many of the tax benefits of being taxed as a partnership.
• D)All of the above are true.

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Definitions:

Interacting

The act of communicating or working together with others which can influence thoughts, feelings, and behaviors.

Disturbance Handler

A role identified in Mintzberg's managerial roles, where a manager addresses unexpected issues and crises that arise, taking corrective action when necessary.

Resource Allocator

A role within management responsible for deciding how best to distribute resources to achieve organizational goals.

Decisional Roles

Refers to the specific responsibilities and duties of managers in making choices and decisions that affect the organization and its stakeholders.