Which one of the following alternatives is correct? a. A close corporation is taxed separately from its members only during its last year of operation b. A close corporation is not taxed separately from its members as members are liable for the entity's tax in their individual capacity based on the balance of individual loans they owe to the entity c. A close corporation is taxed 50% of the profits separately from its members and the other half is taxed directly on the members in their personal capacity d. A close corporation is taxed separately from its members Clear my choice Which one of the following alternatives is incorrect? a. A close corporation can have up to ten natural persons as members. b. A close corporation continues to exist under its registered name irrespective of a change in its membership. c. A close corporation may give financial assistance to a person to acquire an interest in the close corporation: d. A close corporation can enter into contracts and cannot be sued as a legal person in its own right. Clear my choice