A product not on the Commerce Control List, or whose Export Control Classification Number does not call for an export license, is classified as (E) none of the above.
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What is Commerce Control List?</h3>
- The Commerce Control List (CCL) is a list of categories and product groupings used to evaluate if a U.S. Department of Commerce export license is required for U.S. exports.
- The CCL is organized into 10 major categories, each of which is subdivided into five product groupings.
- If your item is under the jurisdiction of the United States Department of Commerce but is not included on the CCL, it is labeled as EAR99.
As it is given in the description itself, if your item is under the jurisdiction of the United States Department of Commerce but is not included on the CCL, it is labeled as EAR99.
Therefore, a product not on the Commerce Control List, or whose Export Control Classification Number does not call for an export license, is classified as (E) none of the above.
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The correct answer is given below:
A product not on the Commerce Control List, or whose Export Control Classification Number does not call for an export license, is classified as
a. NLR.
b. SED.
c. BIS.
d. UCC.
e. none of the above.
The present value of a dollar would be calculated as -
1 dollar X Present value factor of $ 1 @ 5 % for three years.
Present value factor of $ 1 @ 5 % for three years = 0.8638
Present value of $ 1 after 3 years = $ 1 X 0.8638 = $ 0.8638
Answer:
a. A nonresident alien can be an S corporation shareholder. (However, generally, we can't see non resident aliens owning shares, but it is not illegal.)
c. An S corporation can have more than 100 shareholders, since families are treated as a single shareholder.
Explanation:
A nonresident alien is a person who is not a U.S. citizen and does not pass the green card or substantial presence tests used to determine tax status and citizenship. Foreign Students are a good example for this.
these non residents usually do not hold ownership in corporations.
The term "S corporation" means a "small business corporation".
S corporations limit is 100 members, however, since the family members are treated as "individual one person", the number 100 could change in the practical scenario.
The option d is obviously wrong!
Option b is incorrect as well. Corporations and Partnerships can not own stake in S corporations.
I think the answer to this question is B
Answer:
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