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Trava [24]
3 years ago
12

Although it is a small company, Zorn Enterprises owns a large number of inexpensive rental housing units in Texas and Louisiana.

Currently, the company is a chartered C corporation, but the owners are interested in switching to be an S corporation. After consulting a lawyer, they learned that Zorn Enterprises does not qualify to be designated as an S corporation. Which of the following characteristics of Zorn Enterprises would prevent it from becoming an S corporation? A. The firm has fewer than 75 stockholders.B. The firm is chartered in one state, but owns property in another.C. The firm has only one class of stock, all owned by U.S. citizens.D.The firm receives more than 70 percent of its income from rents and other passive sources.
Business
1 answer:
inna [77]3 years ago
7 0

Answer:

D) The firm receives more than 70 percent of its income from rents and other passive sources.

Explanation:

Many small corporations change from C corporations to S corporations since S corporations eliminate the double taxation issues. Although S corporations have some limitations specially regarding the number of stock owners (currently limited to 100) and their nationality or legal residence status. They can only issue one type of stock which limits their ability to increase capital. S corporations cannot have more than 70 percent of their income from passive sources (this includes rent).  

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Each month the Census Bureau carries out the Current Population Survey (CPS) (which has been carried out every month since 1940)
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Answer:

a) 60,000

Explanation:

The Current Population Survey(CPS) contacts a representative sample of 60,000 people of age 15 and above every month in order to make an inferential assumption about the US population as a whole.

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3 years ago
The $10,000 cash that exceeds the partnership liabilities is to be disbursed immediately. If profits and losses are allocated to
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3 years ago
What did launching the birthday cake oreo tell nabisco about the market?
sveta [45]

Answer:

It gives the child more protection so like say we didn't have seat belts then you got into a car accident then you would fly forward and if you had a seatbelt it wouldn't make you fly forward.

Explanation:

3 0
3 years ago
Read 2 more answers
A fundamental aspect of _____ is that it effectively conducts global business by providing an individual the right to freedom of
Rus_ich [418]

Answer:

<u>Democracy.</u>

Explanation:

Democracy is a social organization characterized by popular influence and participation in the political decision-making process. In the democratic regime, the people are free to choose their rulers through votes.

It can be defined in a broader context as a constitutional, electoral and administrative order, the foundations of which must be established according to a social system. Some fundamentals of democracy are:

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5 0
3 years ago
Given the following information, calculate the savings ratio:
inessss [21]

Answer:

$21.71%

Explanation:

Given that

Monthly saving = $760

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3 0
3 years ago
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