7-20. How is a C corporation subject to double taxation?

7-22. What is meant by the term piercing the corporate veil and what are the implications for the owners of a corporation if the corporate veil is pierced?

7-25. What are the advantages and disadvantages of a limited liability compan

8-3. What is the difference between historical and pro forma financial statements?

8-6. What is the purpose of a forecast? What factors does a firm use to create its forecasts of future sales, income, expenses, and capital expenditures?

8-7. On what factors or conditions do completely new firms base their forecasts?