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Author Question: Daniel, his parents, and three brothers own all the stock of their family farm corporation and each ... (Read 121 times)

karen

  • Hero Member
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  • Posts: 537
on: Jun 24, 2018
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
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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

A


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