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nikklg [1K]
3 years ago
8

Which of the following statements is false? a. A multinational company pays taxes only in the country in which it is headquarter

ed. b. Multinational companies are sometimes called transnational corporations. c. Multinational companies account for more than $3 trillion of worldwide assets. d. A multinational company usually has headquarters in one country and branches in other countries.
Business
1 answer:
Nina [5.8K]3 years ago
3 0

Answer:

a. A multinational company pays taxes only in the country in which it is headquartered.

Explanation:

Multinational pay income taxes and other statutory fees in each of the countries they operate. Every state has its laws regulating taxation within its borders.  Businesses, local or multinationals operating in that country, must abide by those laws.

Not paying taxes is a criminal offense in many countries.

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Homeowners insurance covers loss of a home caused by which of the following two factors? fire inability of owner to pay mortgage
dybincka [34]

Answer:

fire & natural distaster.

Explanation:

homeowners insurance covers things that can't be prevented. :)

7 0
3 years ago
Read 2 more answers
An individual taxpayer is selling her principal residence, which she has owned for ten years and lived in for nine years. What s
avanturin [10]

Answer:

Section 121 exclusion

Explanation:

In simple words, IRC section 121 requires a person to deduct up to $250,000 ($500,000 for dual filers) of profit from the selling (or exchange) of land that was purchased and utilized as a primary home for at minimum two of that five years preceding the sale. Thus, from the above explanation we can conclude that the correct answer is section 121 exclusion.

7 0
2 years ago
Your company is considering the replacement of an old delivery van with a new one that is more efficient. The old van cost $40,0
Helen [10]

Answer:

$51,164

Explanation:

The project's terminal cash flow is basically the cash flow of the project's last year.

depreciable value = $80,000 + $6,000 - $23,031 = $62,969

depreciation expense per year = $62,969 / 5 = $12,593.80 per year

net cash flow year 5 = [(savings - depreciation expense) x (1 - tax rate)] + depreciation expense + salvage value + recovery of net working capital = [($28,000 - $12,593.80) x (1 - 35%)] + $12,593.80 + $23,031 + $5,525 = $51,163.83 ≈ $51,164

7 0
2 years ago
On July 1, 2019, Sheffield Corp. pays $20,700 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fisca
11111nata11111 [884]

Explanation:

The journal entries are as follows:

On July 1

Prepaid Insurance A/c Dr $20,700

           To Cash A/c $20,700

(Being prepaid insurance is paid)

On December 31

Insurance expense A/c Dr $

          To Prepaid insurance A/c $1,110

(Being the insurance expense is recorded)

The insurance expense is shown below:

= $20,700 ÷ 3 years × 6 months ÷ 12 months

= $3,450

3 0
3 years ago
About 13 to 16 guests out of every 100 are purposefully out to scam us and get something for free.
antoniya [11.8K]

Answer:

True

Explanation:

2% out of 100 guest purposefully scam.

3 0
3 years ago
Read 2 more answers
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