The difference between a C Corp and an S Corp is (1 point)

only a C Corp has a board of directors.
all companies must start as C Corps and become S Corps.
the tax code that each uses is different
the personal assets of a C Corp owner belong to the business.

Which would be the most likely target market for a new brand of high-end athletic shoes?

school children, because they all take gym class
those looking to get in shape for the first time
dedicated athletes, such as marathon runners
anyone interested in purchasing athletic shoes

why is process not always the most important consideration when selecting a supplier?

if a business cannot return unused goods, the supplier may end up costing the company more.
the quality and brands of the products a supplier Carrie's are also important considerations.
for some businesses, the ability to change orders easily to accommodate market demands may be more important than price.
all of the above.

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)