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3 years ago

Which of the following statements regarding C corporation is false?

Business

2 answers:

dedylja [7]3 years ago

8 0

c corporation are generaly not subject

Vedmedyk [2.9K]3 years ago

7 0

These are the choices I found on the internet:

A. C corporations are generally not subject to corporate income tax.

B. C corporations are separate entities for tax purposes.

C. Shareholders of a C corporation have limited liability.

D. Shareholders of a C corporation are taxed only when the corporation distributes earnings and profits.

The false one would be letter A - C corporations are generally not subject to corporate income tax. C corporations are subject to tax and may be taxed at a tax rate from 15 to 38 percent.

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Question 4 of 10

ExtremeBDS [4]

I think the answer is either a or c

7 0

1 year ago

Suppose you deposit $1 comma 700 cash into your checking account. By how much will the total money supply increase as a result

puteri [66]

Answer:

$17,000

Explanation:

Amount Deposited into checking account = $1,700 cash

Required reserve ratio = 0.10

Money multiplier = 1 ÷ Required reserve ratio

= 1 ÷ 0.10

= 10

Change in money supply = Amount deposited × Money multiplier

= $1,700 × 10

= $17,000

Therefore, the increase in total money supply would be $17,000.

6 0

3 years ago

Which statement accurately describes a developing country?The country's population has a high growth rate.The country has a high

lukranit [14]

Answer:

Explanation:

developing countries have high population growth rate

3 0

3 years ago

Read 2 more answers

Buck Rogers sells fiberglass resins and fiberglass wire to the many small sailboat manufacturers in southern California. He take

elixir [45]

Answer:Drop-shipper

Explanation:Dropshipping is an arrangement between a business and the manufacturer or distributor of a product the business wishes to sell in which the manufacturer or distributor--and not the business--ships the product to the business's customers.

Dropshipping is a service offered by (some, not all) Wholesalers. When you use a Wholesaler who offers Drop Shipping you don't have to worry about stocking or shipping products. Instead, when you get an order from a customer, you contact your wholesaler and they ship it to your customer for you.

3 0

3 years ago

Aztec Company sells its product for $160 per unit. Its actual and budgeted sales follow.

nadezda [96]

Answer:

a. We have:

June's total cash collections = $605,760

July's total cash collections = $715,580

b. We have:

June's Loan Balance End of Month = $1,324,163

July's Loan Balance End of Month = $2,226,541

Explanation:

a. Prepare a schedule that shows the computation of cash collections of its credit sales (accounts receivable) in each of the months of June and July.

Note: See part a of the attached excel file for the schedule that shows the computation of cash collections for June and July.

In the part a of the attached excel file, we have:

June's total cash collections = $605,760

July's total cash collections = $715,580

b. Prepare a cash budget for June and July, including any loan activity and interest expense. Compute the loan balance at the end of each month.

Note: See part b of the attached excel file for cash budget for June and July.

In the cash budget in the attached excel file, the following calculations is made:

June additional loan = Minimum required cash balance - June Preliminary cash balance = $110,000 - (-$1,169,663) = $110,000 + $1,169,663 = $1,279,663

July additional loan = Minimum required cash balance - July Preliminary cash balance = $110,000 - (-$792,378) = $110,000 + $792,378 = $902,378

From the cash budget, we have:

June's Loan Balance End of Month = $1,324,163

July's Loan Balance End of Month = $2,226,541

Download xlsx

7 0

3 years ago