Explain the differences between an S-corporation and a C corporation
What will be an ideal response?
S corporations are limited to a maximum of 100 employees and they have the advantage of single taxation as the personal rate rather than taxing both the corporation and the individual.
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Which of the following help a manager identify which employees need training?
A. Person analysis B. Organization analysis C. Task analysis D. Trend analysis E. Regression analysis
Ford & Co., CPAs, prepared Owens Corp.'s tax returns. Relying on these tax returns, Century Bank lent Owens $750,000. Ford was unaware that Century would receive a copy of the tax returns or that Owens would use them to obtain a loan. Owens defaulted on the loan. To succeed in a common law fraud action against Ford, Century must prove, in addition to other elements, that Century was
A. Free from contributory negligence. B. In privity of contract with Ford. C. Justified in relying on the tax returns. D. In privity of contract with Owens.