Answer:
B) False: since it is still a closely held C corporation, it cannot reduce its ordinary income through passive losses. If it hadn't been a closely held C corporation then it could have made the deductions.
Explanation:
Passive losses are losses resulting from financial activities, i.e. investments in other corporations where the investor doesn't participate in.
Passive losses cannot offset ordinary income, they must be matched against passive gains only. If passive losses exceed passive gains, they can be carried forward without limitation.
The only exception applies to C corporations that are not;
- closely held corporations or
- personal service corporations.
Qualifying C corporations can actually deduct passive losses from certain ordinary income.
Closely held C Corporations are corporations where during the last 6 months, 50% or more of its stock is owned by 5 or fewer investors.
100% percent State Farm
Who wOuLdN’t
Answer:
C. Diversification
Explanation:
Diversification is the process of a business enlarging or varying its range of products or field of operation.
One can identify the most promising distributors by:
- Looking at their credit history and others to check their Financial stability Also examine their size in terms of outside and inside sales power, selling skills, competence and others to know their Sales and marketing strength.
- Evaluate their past sales history in terms of same or similar cuisines to know their Sales performance and then rate them in their order of importance,
<h3>How do one evaluate Potential Distributors?</h3>
This is done by;
- Lookin for their Financial stability through credit history, being timely in payments, and others.
- Looking their Sales and marketing capabilities.
- Looking at their service delivery and Sales performance.
Note that One can identify the most promising distributors by checking their credit history and examine of all their past sales history to be able to tell their Sales performance.
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Because it costs more than, u might as well say, a copy
