Author Question: Assets refer exclusively to: A) the taxes to be paid by a firm. B) the wages payable by a firm to ... (Read 109 times)

jazziefee · **on:** Jul 14, 2018

Assets refer exclusively to:
A) the taxes to be paid by a firm.
B) the wages payable by a firm to its employees.
C) the cash payable by a firm.
D) the resources owned by a firm.

Question 2

Twenty-five young investors decided that they want to start a dating service; however, they do not want to be held personally liable for losses of the company. They want to avoid double taxation. Which type of business organization would best fit the needs of these individuals?
A) Corporation
B) Closed corporation
C) Partnership
D) S-corporation
E) Limited cooperative