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    Business Law Study Set 5
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    Exam 37: Introduction to Forms of Business and Formation of Partnerships
  5. Question
    The Shareholders of a Corporation That Has Elected S Corporation
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The Shareholders of a Corporation That Has Elected S Corporation

Question 67

Question 67

True/False

The shareholders of a corporation that has elected S Corporation status may report the income and losses of the business on their individual federal income tax returns.

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