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True or False. Please Provide an explanation. 7) 6) Members of a single family may be counted as one shareholder for Scorporation purposes. 7) In

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True or False. Please Provide an explanation.

7) 6) Members of a single family may be counted as one shareholder for Scorporation purposes. 7) In a limited partnership, the limited partners are liable for partnership debts only to the extent of thelr investment in the partnership plus any amount they commit to contribute to the partnership If called upon 8) A corporation has a minimum tax credit carryover remaining from 2017. It will be able to apply The MTC to offset up to 50% of Its 2021 regular income tax lability

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