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which of the following is not a characteristic of an S corporation? 1. owners have limited liability 2. the corporation is taxed directly on operating
which of the following is not a characteristic of an S corporation? 1. owners have limited liability 2. the corporation is taxed directly on operating income 3. the corporation can have no more than 100 shareholders 4. shareholders must consent to the S election by the corporation
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
