1, 4, and 5 just done the assignment and got it correct
A corporation is an independent legal entity owned by shareholders, in which the shareholders decide on how the company is run and who manages it. A partnership is a business in which two or more individuals share ownership.
<span>As far as I remember, value-added network or VAN is t</span>hird-party business that provides networking services such as EDI services, storage, or email. VAN is needed to simplify the communications process between company and its partners or clients by reducing the number of contacts that company doesn't need to communicate.
Answer:
The hypothetical tax expense =$340,000 with assumption that tax rate is 34%.
Explanation:
The above figure is worked out like this=$1,000,000*34%=$340,000
The hypothetical tax expense is pretax income multiplied with statutory income tax rate.
In our scenario pretax book income is $1,000,000 and tax rate is 34%
Please note that 34% tax rate is assumed as the said rate is not given in question.
<span>Recession is a period of temporary economic decline. At this time, trade and industrial activity are reduced, causing unemployment, low incoms and falling profits. Social crises, especially affecting healthcare and pension insurance schemes are common, with special negatie effect to vulnerable social populations as disabled or elderly.</span>
