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Which of the following is not considered a family member for purposes of the S corporation shareholder limit?
Year Ended
Refers to the end of an accounting period or fiscal year, marking the time for preparing financial statements and closing books.
Cash Flows
The total amount of money being transferred into and out of a business, particularly in terms of liquidity, financing, and investing activities.
Financial Statement
Documents that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement, used by internal and external stakeholders.
Present Value
The present value of a future amount of money or series of cash flows, assuming a certain rate of return.
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