46. Hindy and Jessica want to market a new line of paddlshoats under the brand name Journeys as a corporation - Journeys Inc. To avoid income taxes at the corporate level, they should form a. A private corporation b. An Scorporation c. An alien corporation d. Ac corporation 48. Loud Sounds, Inc. would like to change its corporate status of an corporation. To qualify, Loud Sounds must a. Be a domestic corporation b. Be a benefit corporation c. Have more than one hundred shareholders d. All of the choices 47. The abbreviation "P.A." in the name "Conrad & Drake, Accountants, PA." means that this organization is a. b. c. d. A professional association A private association A public association A publicly administered corporation 49. Holly is a holder of preferred stock in Jules Ventures. Inc. Holly has priority over holders of Jules Ventures common stock as to a Upward changes in the market price of the shares b. Nothing c. The date on which Jules Ventures must repurchase the shares d. payments of dividends 50. Ayala buys 500 shares of common stock in FreshenUp Services, Inc. As a shareholder of record, Ayala owns a proportionate interest with regard to FreshenUp's a. Control b. Earnings c. Net assets d. All of the choices Lin choosing a form of business organization for new enterprise, tax considerations are usually unimportant a. b. True False 3. A sole proprietor pays personal income taxes on the business's profits a. b. True False