Examlex
Which of the following is NOT one of the main elements of the Skype network?
Accrual Basis
An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transaction occurs.
Form 1120
Form 1120 is the tax form used by corporations in the United States to report their income, gains, losses, deductions, and credits to the IRS.
Subchapter S Corporation
A form of corporation that meets specific Internal Revenue Code requirements, allowing profits to be passed directly to shareholders and avoid double taxation.
Shareholders
Individuals or entities that own shares in a corporation, and therefore have an interest in its performance and governance.
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