ACCT 424 DeVry Week 5 Quiz Latest

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ACCT 424 DeVry Week 5 Quiz Latest

ACCT 424 DeVry Week 5 Quiz Latest

ACCT424

 

ACCT 424 DeVry Week 5 Quiz Latest

Question 6. Question : (TCO 8) Which corporation is eligible to make the S election?

• Foreign corporation
• A 100%-owned corporation
• An insurance company
• A U.S. bank
• None of the above

Question 8. Question : (TCO 8) Which, if any, has no effect on the stock basis of an S corporation shareholder?

• Operating income
• Long-term capital gain
• Cost of goods sold
• Short-term capital loss
• None of the above

 

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