What Advantage(s) Does the S-Corporation Give to the Small Business

question 5

Multiple Choice

What advantage(s) does the S-corporation give to the small business owner that the regular corporation does not give to the small business owner?

• A)limited liability protection
• B)more favorable tax treatment
• C)complete control over the business
• D)the small business owner can keep all of the profits

Identify the components of shareholders' equity and understand its reporting.

Recognize the importance of liquidity order in presenting current assets and liabilities in financial statements.

Understand the distinction between physical and intangible assets and their presentation in financial reports.

Understand the principles and calculations behind common financial ratios and their implications on a company's financial health.

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