Which of the Following Statements Is Not True Regarding the Liquidation

question 80

Multiple Choice

Which of the following statements is not true regarding the liquidation of an S corporation?

• A)The owners pay all taxes, debts, and creditors.
• B)The owners obtain the written approval of shareholders to dissolve the company.
• C)The owners file a statement of intent to dissolve with the secretary of state's office in each state where they conduct business.
• D)The owners distribute all assets of the corporation to the shareholders.

---

Definitions:

Pure Monopoly

A market framework where there is only one provider offering a distinctive product without any closely resembling alternatives.

Increasing Profits

A financial strategy or outcome where a business experiences a growth in net earnings over time.

Lowering Price

A strategic move where a seller reduces the price of goods or services to attract more customers or beat competitors.

Monopolist

A market participant that is the sole seller of a good or service, thereby controlling the market.