Author Question: Daniel, his parents, and three brothers own all the stock of their family farm corporation and each ... (Read 94 times)

karen

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Daniel, his parents, and three brothers own all the stock of their family farm corporation and each person takes an active role in managing the enterprise. This corporation, which is taxed as a corporation, is most likely
 A)an S corporation.
 B)a professional corporation.
 C)a close corporation.
 D)a proprietorship.

Question 2

Which of the following is NOT an example of a commonly used trade barrier?
 A) A convention on imported children's toys
 B) A tariff on imported oil
 C) A tax on imported clothing
 D) A national industrial standard that drives up the cost of imported televisions



Kjones0604

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Answer to Question 1

C

Answer to Question 2

A



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