Identify Which of the Following Statements Is True

question 87

Multiple Choice

Identify which of the following statements is true.

• A)The S corporation rules were enacted to allow small corporations to enjoy the nontax advantages of the corporate form of business without being subject to the tax disadvantage of double taxation.
• B)A partnership can elect to be taxed as a corporation under the check-the-box regulations. As a corporation, an S election can be made.
• C)For C corporations that desire to be taxed like a partnership, the S corporation rules provide a practical alternative for an existing C corporation to obtain many of the tax benefits of being taxed as a partnership.
• D)All of the above are true.

Recognize and apply effective communication strategies for interacting with multicultural audiences.

Become aware of common psychological and physical barriers to effective communication.

Understand the impact of technology on business communication.

Identify common idioms and phrases that can create confusions in cross-cultural communication.

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Definitions:

Direct Labor

The cost of wages and other compensations for employees who are directly involved in the production of goods or services.

Fixed Manufacturing Overhead

Financial obligations that are consistent and not influenced by how much is produced or sold, like leasing costs, salaries for employees, and insurance coverages.

Direct Materials

Raw materials that are directly traceable to the production of a specific good or service and are variable costs.

Raw Material

Basic materials that are used in the production process to create goods and products.