1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikklg [1K]
3 years ago
6

When an individual creates a false corporation to shield or hide wrongdoing by the individual, this is called a corporate veil.

Business
1 answer:
kondor19780726 [428]3 years ago
8 0
False. This is called an "anonymous company"
You might be interested in
Michael is the new department head at his company. he expects everyone to agree with his restructuring plan for the department,
Aleksandr [31]

Michael is creating an atmosphere in which his department members are so afraid of conflict and so eager for harmony that their decision making becomes uncritical, irrational, and dysfunctional. This psychological phenomenon is known as groupthink.

5 0
3 years ago
A decrease in the price of domestically produced industrial robots will be reflected in a. both the GDP deflator and the consume
andrezito [222]

Answer:

The correct answer is option c.

Explanation:

A consumer price index measures the change in the price level of weighted average of a basket of goods and services purchased by the consumers.  

GDP deflator measures the change in the price of all domestically produced goods and services.  

A change in the price of domestically produced industrial robots will be included in the GDP deflator as it includes the prices of all domestically produced goods and services.  

But it will not be included in the CPI as the industrial robots are not purchased by consumers in households, they are not consumer goods.

8 0
3 years ago
In 2017, John opened an investment account with Randy Hansen, who held himself out to the public as an investment adviser and se
yulyashka [42]

Answer:

The relevant tax issues are as follows:

- Is the loss a theft loss or an investment loss?

- Is the loss subject to either the personal loss limits or the limits on itemized deductions?

- How is the amount of the loss determined?

- In which year can the loss be taken?

- Is there a way to receive a tax benefit for the full amount of income recognized in prior years?

The irrelevant tax issue is:

- Did John have other casualty or theft losses within the last five years?

Explanation:

In this scenario John invested and provided Randy with a power of attorney to use $200,000 to purchase and sell securities on his behalf.

The earnings were to be reinvested, but John realised in 2020 that Randy was running a Ponzi scheme and his account was zero.

As John will most likely not be possible a casualty loss may be allowed.

Since the loss happened in 2017 when he invested the theft loss will be deducted in that year.

He will be able to deduct his losses under 165.

Deductions are allowed for losses in a tax year that is not covered by insurance.

Losses that can be claimed are limited to:

- Losses in business or trade

- Losses in transactions for profit

- Losses as a result of theft, fire, storm, or shipwreck.

5 0
4 years ago
To whom must licensees provide agency disclosures prior to entering into an agency agreement?
tiny-mole [99]

A licensee who is operating in the capacity of a party's designated agent must notify any clients of the existence of the agency relationship in writing.

<h3><u>An agency agreement is what?</u></h3>

In a legal contract known as an agency agreement, the first party, known as the "principal," agrees that the activities of the second party, known as the "agent," bind the principal to later agreements made by the agent as if the principal had made them personally.

In law, the ability of the agent to bind the principal is known as authority. A person may be compelled to pay for purchases made by a close relative using their credit card if they provide their credit card to them, which is an example of implied authority generated by an agreement.

Learn more about agency agreement with the help of the given link:

brainly.com/question/15038930

#SPJ4

6 0
1 year ago
Why are europeans smarter about their own countries governments than we Americans are about ours?
a_sh-v [17]
Well that's not really a question. More of an opinion.
5 0
3 years ago
Other questions:
  • Managerial accounting information is generally prepared for a. shareholders b.creditors c.managers d.regulatory agencies
    10·1 answer
  • The application of marketing strategies and practices not for profit but rather to change or create behaviors that have a benefi
    8·1 answer
  • If the reserve ratio is 10%, and banks do not hold excess reserves, when the Fed purchases $10 million of government bonds, bank
    5·1 answer
  • Company X had net income of $200,000 in the year 2016. At the beginning of 2016, there were 500,000 shares of outstanding common
    7·1 answer
  • Normative and positive statements.
    10·1 answer
  • Other things being equal, foreign governments and corporations would demand ____ U.S. funds if their local interest rates were s
    15·1 answer
  • What would u say if u saw a stranger
    15·1 answer
  • Home Day is a large supermarket. It recently launched its own brand of cereals called Fast Bites, equivalent to most national br
    11·1 answer
  • Larsen Company adds materials at the beginning of the process in Department 2. Data concerning the materials used in May product
    8·1 answer
  • A firm has ROA (Return on Assets) of 16% and has the debt ratio of 30%. What's the firm's ROE (Return on Equity)?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!