Question 1 Homework Unanswered Which of the following is true of S Corporations? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a There must be more than one owner. The Scorporation pays tax on its taxable income. Distributions made from the S corporation to the stockholders are taxable to the stockholders. Even though the company has incorporated, the stockholders do NOT have protection for their personal assets. e The stockholders must each pay tax on their share of the Scorporation's taxable income. Which of the following list of characteristics best describes a partnership? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. May be publicly traded, partners pay tax on their share of the business's taxable income, partners have protection for their personal assets. b No limit on number of owners, partnership pays tax on its taxable income, partners have protection for their personal assets. Must have more than one owner, partners pay tax on the business's taxable income, partners do not have protection for their personal assets. d No limit on number of owners, partnersip pays tax on its taxable income, partnership must incorporate. e Must be more than 1 owner but no more than 100, and dividends received from the partnership are taxable to the partners