Business, 01.07.2021 19:40 yellowsea84
We Are the World is an importing company that specializes in importing hand-made arts and crafts from crafters and artisans around the world. The company has about $4 million worth of stock outstanding. Due to its desire to avoid double taxation, it is structured so that its individual shareholders pay taxes on all of the company's income. The shareholders report the flow-through of income and losses on their personal tax returns and are assessed at their individual tax rates. We Are the World is a(n):.
a. limited liability company (LLC).
b. C corporation.
c. S corporation.
d. G corporation.
e. investment trust.
Answers: 1
Another question on Business
Business, 22.06.2019 19:40
Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership
Answers: 3
Business, 23.06.2019 04:40
2. a computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000, and an estimated useful life of five years. determine the second year’s depreciation expense using the straight-line method.
Answers: 3
Business, 23.06.2019 06:30
Afinance company wants to upgrade its accounting software to a higher version. this version change requires a change in data formats. which method represents a change in data formats?
Answers: 1
You know the right answer?
We Are the World is an importing company that specializes in importing hand-made arts and crafts fro...
Questions
Computers and Technology, 30.06.2019 12:40
Mathematics, 30.06.2019 12:40
Health, 30.06.2019 12:40
History, 30.06.2019 12:40
Mathematics, 30.06.2019 12:40
Health, 30.06.2019 12:40
