Answer: Independence
Explanation: Independence can be explained as a state of existence where one's personal decisions, actions or steps does not hinge on another person's approval or acceptance. It could be seen as a state of autonomy where one can personally decide and actions one feels is best for a certain process at a particular time.
As a business owner, one thinks and acts based on one's personal volition of what is best for his or her business without having to sit and discuss with a group of individual's who may habiur different perceptions or scope. This freedom is usually enjoyed by small business owners rather than large groups of companies or corporations.
Answer:
The correct answer is a. production points outside the production possibility frontier are unattainable
Explanation:
Production possibility frontier graph is attached.
The production possibility frontier shows the possibilities of trade off between two products. The trade off in this frontier use all the resources available. So it is impossible to reach a point outside the frontier, there are not enough resources.
Answer: Alano's taxable income increases by $300,000.
Explanation:
Constructive dividends are paid to a shareholder and classified in such a way that they are not to be seen as taxable dividends.
If during auditing however, the IRS determines that it was indeed a taxable dividend, it becomes a constructive dividend.
Constructive dividends are taxable by definition so Alano's taxable income increases by the amount of dividend of $300,000.
B. The allowance for doubtful accounts is reported as a deduction from accounts receivable on the balance sheet
