Horngren's Accounting (11th Edition)
Horngren's Accounting (11th Edition)
11th Edition
ISBN: 9780133856781
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 12, Problem 8RQ
To determine

S- Corporation:

It is a small business structure or form in which the liability of shareholders is limited and direct flow of profits and losses to share holders. Generally the shares are held by closely held group rather than a large group of individuals. It is best suited for small business owners.

To discuss: S- Corporation:

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