The maximum number of actual shareholders in an S corporation is: a. 75. b. 100. c. 200. d. Some other number. e. Indeterminable.
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The maximum number of actual shareholders in an S corporation is:
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a. |
75. |
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b. |
100. |
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c. |
200. |
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d. |
Some other number. |
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e. |
Indeterminable. |
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- 2. Which of the following is a share of owners in a corporation? B. capital gain A. bond C. dividend D. stocka. What is the Effective Annual Rate (EAR) and what is its purpose? b. The value of a share of common stock in a corporation is directly related to the general rights of shareholders, particularly as it applies to the right to vote for directors. Discuss at least four (4) additional rights that common shareholders have.What Internal Revenue Code section limits an S corporation to 100 shareholders?
- Which of the following statements regarding an S-corporation true? Select one: a. It must pay a higher rate of taxes than other types of corporations. b. It cannot have more than 100 stockholders. c. It must be publicly-held. d. It must have more than 100 shares of outstanding stock.the letter of the choice that best completes the statement or answers the question. Question 1 To be eligible for S corporation status, a corporation must have no more than O 100 shareholders O 150 shareholders O 200 shareholders O 250 shareholdersWhich refers to any person who owns at least one share of stock in corporation? a. Stockholder b. Seller c. Customer d. Card holder
- When a corporation issues new ordinary shares, which of the following will increase? I. Total liabilities; II. Total Assets; III. Quick Assets; IV. Net Worth a. I and II b. III and IV c. II,III, and IV d. I,II, III, and IVWhich of the following is a characteristic of a corporation?a. No income taxb. Limited liability of stockholdersc. Mutual agencyd. Both b and cWhich statement is incorrect? * Book value per share is the claim of a shareholder in the net assets of the corporation for every share held in the corporation. If a corporation has 2 classes of shareholders, the book value per share should be computed for both preference shares and ordinary shares. Book value per share assumes that assets are realized at book values and liabilities are liquidated at book values. Total gains (losses) on realization of assets and liquidation of liabilities, if there are any, are assumed to sum up to zero. Excess over par refers to the amount of shareholders’ equity in excess of the total par value of the preference shares and ordinary shares issued by the corporation. none of the above
- Outstanding shares are the a. Number of shares that have been distributed to shareholders b. Total number of shares that can be issued by the corporation at any time c. Number of shares that are owned by shareholders at the balance sheet date d. Number of shares the corporation has repurchased.Which of the following characteristics of a corporation limits a stockholder's loss to the amount of his or her investment in the stock of the corporation? Question 7Answer a. Separate legal entity b. Separation of ownership and management c. Transferability of ownership d. Limited liability76. Whom of the following is paid at last on the dissolution of a company? A.Reserve creditor B.Equity shareholder C.Preference shareholder D.Debenture holder