In an S corporation, net profits and losses of the corporation pass to the owners....
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In an S corporation, net profits and losses of the corporation pass to the owners. What effect does this have? Multiple Choice It eliminates double taxation. It gives the owners unlimited liability. It allows the corporation to have unlimited shareholders. It makes the operation of the corporation easier. It gives the corporation a limited lifespan. 
In an S corporation, net profits and losses of the corporation pass to the owners. What effect does this have?
Multiple Choice
It eliminates double taxation.
It gives the owners unlimited liability.
It allows the corporation to have unlimited shareholders.
It makes the operation of the corporation easier.
It gives the corporation a limited lifespan.
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