Question: Which fact precludes Apple Computers from being an S - Corp? Group of answer choices Apple Computers' outstanding shares of 1 5 billion exceeds 1

Which fact precludes Apple Computers from being an S-Corp?
Group of answer choices
Apple Computers' outstanding shares of 15 billion exceeds 100 shares.
All Apple Computers shareholders have limited liability.
The corporate tax rate of 21% is less than the personal ordinary tax rate of 35%.
Apple Computers has a chief executive officer.
It pays a dividend of $1.00 per share, which is less than its earnings per share of $6.09.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Apple (AAPL) recently had a 4 for one stock split. Before its split, Apple had 4.3 billion shares of stock outstanding that sold for $420 per share. Assuming no market imperfections or tax effects...

Q:

Warren Buffett?s Annual Shareholder Letter (page numbers for your convenience, but may not be comprehensive) 1. Describe the methods Warren Buffett uses to measure both his own firm?s performance and...

Q:

1.With reference to the Staple and Heinz-Beech Nut cases, discuss the central issues of the anticompetitive arguments. Carefully discuss the circumstances under which mergers may be undesirable and...

Q:

I need help from a Financial expert who is very familiar with exchange rate exposure & payout policy.I will adjust the price as you suggest. For some reason I am not able to do it here. Please be...

Q:

Int. J. Business Excellence, Vol. X, No. Y, xxxx From stale to spicy to superb: a spanking new Apple John Wang* Department of Information and Operations Management, Montclair State University,...

Q:

Board CHAPTER 1 Economics: Foundations and Models n this book, we use economics to answer questions such as the following What determines the prices of goods and services from bottled water to smart...

Q:

Help on Financial Statement analysis homework, need a perfect solution to improve grade UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10- K (Mark One) 3 ANNUAL REPORT...

Q:

Introduction Tim Cook (TC), Apple's CEO, and Peter Oppenheimer (PO), the company's CFO, met in their Cupertino, California, offices on April 12, 2013. They were addressing shareholder concerns about...

Q:

Exhibit 4: Country Risk Premiums by region (over and above the mature market premium) Exhibit 3: Apple's Balance Sheets Exhibit 2: Apple - Stock Prices Exhibit 1: Apple's Income Statements (in...

Q:

Decision on Investment: Invest or Do not invest Cost of capital: % value Return on capital: % value NPV 10-year life: $ value NPV- Longer life: $ value Report format: Please try to keep your report...

Q:

Observe the operations at your favorite fast-food restaurant. Required 1. How many people does it take to fill a typical order of sandwich, beverage, and one side-order? 2. Describe the activities...

Q:

The stock chart shows the 3-day and 10-day SMA for 20 consecutive trading days of Sony Corp stock. Identify the crossovers and discuss the implications.

Q:

BE21.5 (LO 2) Sesame plc purchased a computer system for 74,000 on January 1, 2023. It was depreciated based on a 7-year life and an 18,000 residual value, using straight-line depreciation. On...

Q:

The following is the adjusted trial balance of Sierra Company. (Click on the Graded Worksheet Tab below.) Sierra Company Adjusted Trial Balance December 31 Account Title Debit Credit Cash $15,000...