Author Question: Daniel, his parents, and three brothers own all the stock of their family farm corporation and each ... (Read 132 times)

karen

  • Hero Member
  • *****
  • Posts: 537
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

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

For a complete list of videos, visit our video library