<span>Profit responsibility refers to the duty of a firm to maximize
profits for its owners or stockholders. They should maximize and balance
profit-making activities that will benefit the society in general. There is a need to contribute </span>o avoid
or reduce negative publicity or generate positive press to improve your brand.
<span> </span>
Answer:
See below
Explanation:
In order to restore any reduction in loan basis, only the net increase is applied in line with section 1367(b)(Adjustment to basis of stocks of shareholders).
What this means is that there is no net increase regarding the information given above I.e ($11,000 - $15,000).
We can safely conclude that there is $11,000 tax free income since the stock basis has been increased by $11,000. There is also a $4,000 capital gain.
Answer:
False
Explanation:
Illiquidity in the context of a business refers to a company that does not have the cash flows necessary to make its required debt payments, although it does not mean the company is without assets.