« previous next »

Author Question: Briefly discuss the the major restrictions placed on an S ... (Read 37 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
on: Jun 24, 2018
Briefly discuss the the major restrictions placed on an S corporation.

Question 2

_________ quotas are imposed on a particular product regardless of origin, while ________ quotas spread the total limit across several specific countries.
 A) Absolute; qualified
 B) Global; specified
 C) Absolute; allocated
 D) Global; allocated


sarajane1989

  • Sr. Member
  • ****
  • Posts: 296
Reply #1 on: Jun 24, 2018
Answer to Question 1

An S Corporation faces some major restrictions. they are:
There can be only one class of stock.
There can be no more than 100 shareholders.
Shareholders must be individuals, estates, charities, pension funds, or trusts, not partnerships or corporations.
Shareholders must be citizens or residents of the United States, not nonresident aliens.
All shareholders must agree that the company should be an S corporation.


Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Anajune7

  • Hero Member
  • *****
  • Posts: 574
Reply #2 on: Jun 24, 2018
Thank you :)


sarajane1989

  • Sr. Member
  • ****
  • Posts: 296
Reply #3 on: Jun 24, 2018
Happy to help you


« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

The amyloid-β peptide, which plays a major role in Alzheimer’s disease The amyloid-β peptide, which plays a major role in Alzheimer’s disease
Major Motor Pathways Major Motor Pathways
Major Events in the History of Psychology (4 of 6) Major Events in the History of Psychology (4 of 6)
The major cortical input and output pathways of the posterior parietal association cortex. Shown are ... The major cortical input and output pathways of the posterior parietal association cortex. Shown are ...
Hurricane Paths: Major Hurricane History Hurricane Paths: Major Hurricane History
Major blood vessels of the human cardiovascular system Major blood vessels of the human cardiovascular system
Video: Introduction to Eating Disorders

For a complete list of videos, visit our video library