An S Corporation Must Possess Which of the Following Characteristics

question 95

Multiple Choice

An S corporation must possess which of the following characteristics?

• A) Not more than one hundred shareholders.
• B) Corporation organized in the U.S.
• C) Only one class of stock.
• D) All of the above are required of an S corporation.
• E) None of the above are required of an S corporation.

Distinguish between exploratory analysis, benchmarking, and data mining.

Define and identify explanatory and response variables in a study.

Recognize the importance of variable types and how they relate to each other.

Interpret the impact of outliers and the concept of skewness in data.

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Definitions:

Accounts Receivable

Money owed to a company by its clients or customers for goods or services that have been delivered but not yet paid for.

Inventory

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

ROEs

Return on Equity, an indicator of financial efficiency determined by dividing a company's net income by its shareholders' equity, reflects how well management utilizes company assets to generate earnings.

Capital Structure

The mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity that it uses to finance its overall operations.