Delaine is a 90% shareholder in a personal service corporation (PSC). The corporation paid Delaine a salary of $265,000 during its fiscal year ending September 30, 2019. If required, round your answers to the nearest dollar. a. Assume that the corporation cannot satisfy the business purpose test for a fiscal year. How much salary must Delaine receive during the period October 1 through December 31, 2019, in order for the corporation to continue to use its fiscal year

The correct answer is letter "A": give favorable ratings.

Explanation:

Credit-rating agencies are in charge of providing information to investors about firms' bonds and debt payments. Credit-rating agencies provide a score to recently-issued securities in exchange for a fee. Even if it is convenient for the agencies to rate the new assets high so firms are encouraged to select those firm services, they are well-regulated by the Credit Rating Agency Reform Act of 2006.

Three are the main credit-rating agencies in the U.S.: Moody's, Standard & Poor's and Fitch.