The Advantage to an S Corporation Is

question 24

Multiple Choice

The advantage to an S corporation is

• A)its offering of multiple classes of stock.
• B)its treatment of shareholders for income taxation purposes.
• C)its ability to attract an unlimited number of shareholders.
• D)its ability to have partnerships and corporations invest as shareholders.

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Definitions:

Negligence Defenses

Legal defenses used to argue that a defendant did not breach a duty of care or that such a breach did not cause the plaintiff's injuries.

Lane

A narrow path or track typically designated for a specific purpose, such as driving, cycling, or walking.

Parking Brakes

A secondary braking system used to keep a vehicle stationary, typically employed when the vehicle is parked.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in unintended harm to others.