A private corporation in which capital comes from fees paid by individuals composing it and whose owners are called members is a option: domestic corporation non-stock corporation open corporation stock corporation

A private corporation in which capital comes from fees paid by individuals composing it and whose owners are called members is a option: domestic corporation non-stock corporation open corporation stock corporation

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter22: S Corporations

Section: Chapter Questions

Problem 12DQ

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1. A private corporation in which capital comes from fees paid by individuals composing it and whose owners are called members is a option: domestic corporation non-stock corporation open corporation stock corporation 2. Contributed capital consists of the following major components options: • legal and stated capital. • Retained earnings and legal capital. • Legal capital and additional paid in capital. • Additional paid in capital and retained earnings

Definition Definition Remaining net income of the company after the required dividends are paid to shareholders. This surplus money is usually invested back into the business to expand its business operations or launch a new product.

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