Judy Barnes, Betty Turley, and Bob Turner want to obtain limited liability for their business, but ...

Judy Barnes, Betty Turley, and Bob Turner want to obtain limited liability for their business, but they want to avoid double taxation. Which type of business ownership would you recommend?
 A) Regular corporation
  B) General partnership
  C) Sole proprietorship
  D) S-corporation
  E) Not-for-profit corporation

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Question 2 - KYZ Radio pays salaries, rent, insurance, and utilities each month. These are all
 A) current assets.
  B) operating expenses.
  C) cost of merchandise sold.
  D) fixed liabilities.
  E) None of these answers is correct.