Asked by chardon watters on May 16, 2024

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Large corporations tend to be:

A) partnerships.
B) T-type corporations.
C) C-type corporations.
D) sole proprietorships.

Large Corporations

Businesses that operate on a large scale, often with extensive operations, significant revenues, and a large number of employees.

C-type Corporations

Standard business corporations subject to corporate income tax, distinguished by their taxation at both the corporate and shareholder levels when dividends are distributed.

Partnerships

A legal form of business operation between two or more individuals who share management and profits.

  • Comprehend the attributes and tax implications of various business entities, such as S corporations and partnerships.
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Verified Answer

CR
Chanakya Ram PrasadMay 21, 2024
Final Answer :
C
Explanation :
Large corporations are typically C-type corporations, also known as C-corporations, which are separate entities from their owners and have limited liability protection.