Hector Is Considering Expanding His Business and Has Several Potential

question 152

Multiple Choice

Hector is considering expanding his business and has several potential new investors in mind.He originally wanted to form an S-corporation to protect the liability of the investors,but he is now considering a limited-liability company instead because he knows there can be only ____ stockholders in an S-corporation.

• A) 10
• B) 25
• C) 50
• D) 100
• E) 108

Identify different types of pollution and their effects on diverse species.

Recognize various forms of mass transit and their roles in urban settings.

Explain the factors contributing to urban growth and the implications of high population density.

Understand the conditions of poverty in urban areas and the concept of dark sky preserves.

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Definitions:

Note Payable

A written promissory note in which one party agrees to pay another party a definite sum of money either on demand or at a specified future date.

Capital Account

This account records the investments made by owners or shareholders into a company, along with retained earnings and accumulated other comprehensive income.

Capital Balances

The amount of money that partners or owners have invested in a business, often reflected in the equity section of the balance sheet.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, representing the actual earnings retained.