Managerial accounting focuses on providing information for internal planning and control

Internships and summer jobs do not accurately portray a potential career opportunity in a particular field

Indicate whether the statement is true or false.

Which of the following statements is true of a Subchapter S corporation?

A) It is taxed like a publicly held corporation. B) It is organized and operated as a general partnership. C) It is taxed like a partnership. D) It is organized and operated as a limited liability partnership.