Which Corporations Are Required to File a Schedule M-3

question 29

Multiple Choice

Which corporations are required to file a Schedule M-3?

• A)S corporations with assets of $10,000,000 or more
• B)C corporations with assets of $1,000,000 or more
• C)publicly held C corporations with assets of $5,000,000 or more
• D)C corporations with assets of $10,000,000 or more

---

Definitions:

Marginal Social Benefit

The increased value to society resulting from the consumption or production of one more unit of a good or service.

External Benefit

A benefit that affects people other than the direct consumers or producers of a good or service, often leading to positive spillover effects.

Negative Externality

A situation where a third party suffers from a transaction or activity they are not directly involved in, often leading to market failure if not corrected by government intervention.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.