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Author Question: Which of the following is true of a close corporation? A) Its profits cannot be reported by stock ... (Read 188 times)

jc611

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on: Jun 24, 2018
Which of the following is true of a close corporation?
 A) Its profits cannot be reported by stock holders as income on their personal income tax returns.
 B) It is also known as a closely held corporation.
 C) It has a large number of stockholders.
 D) Its profits are usually taxed twice.

Question 2

The Equal Pay Act's coverage is similar to that of the:
 A) National Labor Relation Act.
 B) Pregnancy Discrimination Act.
 C) Fair Labor Standards Act.
 D) Occupational Safety and Health Act.


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cassie_ragen

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

C


jc611

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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