Provide tax advantages for a business

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Reference no: EM131367145

1. All of the following are current assets except:

a. short-term investments

b. pre-paid items

c. retained earnings

d. cash

e. all of the above are current assets

2. Which of the following forms of ownership would not provide tax advantages for a business?

a. Proprietorship

b. S corporation

c. Partnership

d. employee stock ownership plan

e. corporations with more than 75 stockholders

Reference no: EM131367145

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