Which of the Following Is Correct Regarding a Company's Legal

question 5

Multiple Choice

Which of the following is correct regarding a company's legal entity type and the tax form it must file with the IRS?

• A)Sole Proprietor - Form 1065
• B)Partnership - Form 1120
• C)C Corporation - Form 1120S
• D)Sole Proprietor - Form 1040 Schedule C

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Definitions:

Physical Arousal

The bodily response to stimuli, characterized by increased heart rate, blood pressure, and often associated with sexual excitation.

Labeling

The process of classifying or describing someone or something in a specific way, often based on preconceived notions.

Schachter and Singer

Psychologists known for their theory on emotion, proposing that physiological arousal and cognitive labeling based on environmental context jointly contribute to the experience of emotions.

Cannon-Bard Theory

A theory of emotion that suggests emotions and bodily responses occur simultaneously, rather than one causing the other.