Asked by chardon watters on May 16, 2024
Verified
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.
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.
Learning Objectives
- Comprehend the attributes and tax implications of various business entities, such as S corporations and partnerships.