Answer:
The answer is: B) Did not terminate.
Explanation:
S corporations (small business corporation) are corporations that choose to pass corporate income, losses, deductions, and credits through to their shareholders for taxation purposes.
In order for an S Corporation to terminate, stockholders owning more than 50% of the corporation's stock must file a revocation statement.
Dart Corp has 100,000 common stocks outstanding, so to file a revocation statement, stockholders owning at least 50,001 stocks must approve it. In this case only stockholders owning 35,000 stocks approved the revocation statement.
Answer:
agency coupled with an interest
Explanation:
Agency combined with such an involvement is where an agent retains custody or influence of his principal's property and holds constitutional rights towards third party intervention.
This is an organisation arrangement where an estate or interest in the property is granted to the agent as being the target of just the agency.
It is distinct from cases where an agent benefits solely from transactions, or gains from them. An agency partnered with such an importance could also be described as a force coupled with an interest, or even as a protection authority.
Answer:
The correct answer is D. When the product is sold and delivered to a customer.
Explanation:
It is recognized at the time of the sale, because the company receives an income as a result of the recovery of its cost plus the established profit margin. When the sale has not been made, it remains within the product inventories until the sale occurs and becomes an operational income.
Answer:
C. 12
Explanation:
As the expected number of new claims filed per day is 2.4 and the office is open 5 days per week, to be able to find the expected number of new claims filed per week, you have to multiply the expected number of claims per day for the number of days that the office is open in a week:
Expected number of new claims filed per week= 2.4*5= 12
According to this, the answer is that the expected number of new claims filed per week at this office is 12.