The Formation of a Subchapter S Corporation Is a Way

question 94

True/False

The formation of a Subchapter S corporation is a way to circumvent the double taxation of a small corporation.

---

Definitions:

Credit Policy

The guidelines a company follows to determine the amount of credit to extend to customers and the terms of payment.

Credit Period

The time frame allowed by a seller for a buyer to pay for goods or services received, typically measured in days or months.

Receivables Monitoring

The process of overseeing and managing the amounts owed to a company by its customers for goods or services provided.

Net Float

The difference between checks written against and deposited in an account, which has not yet been cleared and credited or debited.