Which of the following types of ownership is limited to 100 owners?
A) C corporation
B) S corporation
C) sole proprietor
D) limited liability company
E) general partnership
B
Explanation: B) According to the IRS, to be considered an S corporation the company must not have more than 100 shareholders.
Business
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Goodwill is
a. amortized over the greater of its estimated life or forty years b. only recorded by the seller of a busines c. the excess of the fair value of a business over the d. fair value of all net identifiable assets e. none of the above
Business
Which one of the following bonds is the most sensitive to changes in market interest rates?
A. 5-year, zero coupon B. 5-year, 5 percent coupon C. 5-year, 8 percent coupon D. 10-year, zero coupon E. 10-year, 5 percent coupon
Business