Multiple Choice
Dependable Appliances, Inc., is a private, for-profit corporation that (1) was formed for the purpose of manufactur?ing and distributing a newly pat?ented kitchen appliance, (2) is owned by five share?holders, (3) is subject to double taxation, and (4) has made no public offering of its shares. Dependable is
A) an S corporation.
B) a close corporation.
C) a nonprofit corporation.
D) a professional corporation.
Correct Answer:
Verified
Correct Answer:
Verified
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