1) Which oft the following does not apply to an S-corporation?

a- An S-Corporation cannot have less than 100 stockholders.

b- All profits earned by an S-corporation pass directly to the stockholders.

c- No taxes are paid at the corporate level.

d- S-corporation is a form of corporation that can be used by private businesses.

2- when evaluating a firm's stock, investors evaluate

a- Timing and risk of future cash flows only.

b- Size of future cash flow only.

c- size and timing of future cash flow only.

d- size, timing and risk of future cash flow.

3- A person bought 300 shares of apple stock today. Apple stock has been trading for sometime on NYSE. This person purchase occurred in which market?

a- Dealer Market

b- Primary Market

c- Secondary Market

d- Over the counter Market

4- Last year, The pizza giant generated net income of $6,600 from sales of $93,600. The company had costs of $74,400 and interest paid of $1,400. The tax rate was 34%. what was the amount of depreciation expense?

a- 7,500

b- 7,800

c- 8,100

d- 7,300