Miracle Mobile Devices,Inc

Multiple Choice

Miracle Mobile Devices,Inc.,is a private,for-profit corporation that (1) was formed for the purpose of manufacturing and distributing a newly patented tablet,(2) is owned by five shareholders,(3) is subject to double taxation,and (4) has made no public offering of its shares.Miracle is

A) an S corporation.
B) a close corporation.
C) a nonprofit corporation.
D) a professional corporation.