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EastWind [94]
3 years ago
11

Which of the following statements is true of a corporation?

Business
2 answers:
Butoxors [25]3 years ago
8 0

Answer:D

Explanation:

Vladimir [108]3 years ago
3 0

Answer:

d. Corporations pay income tax on corporate earnings, and shareholders pay personal income tax on corporate dividends and gains from the sale of stock.

Explanation:

At the end of each accounting period, the corporation is expected to pay a tax known as income tax from the taxable income earned by the corporation. This tax is paid by the corporation before the amount to be paid to the shareholders of the company in form of dividends.

The shareholders of the company are further subjected as individuals to personal income tax.

This is known as double taxation of dividend. Gains from sale of stock are also taxed under personal income tax.

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What is the best way to investigate fraudulent transactions on your credit card is to?
Brut [27]
Track the fraud..........
6 0
3 years ago
How is a cost-leader protected from threats from powerful suppliers? It is able to create a significant difference between perce
puteri [66]

Answer:

Option B (By embracing lower operating costs it's much more likely to handle price rises) is the correct choice.

Explanation:

  • Cost management or leadership seems to be an organizational practice introduced by Michael Porter. This helps build organizational competitive benefits. Price leadership relates to supplying the market with the cheapest operating costs, which varies from the pricing strategy.
  • Sometimes it is driven by performance, size, complexity, reach, infrastructure as well as the perspective of the organization.

Some other options given should not be concerning the condition in question. And the correct response would be alternative B.

5 0
3 years ago
Tom’s Tax Services is a small accounting firm that offers tax services to small businesses and individuals. A local store owner
SCORPION-xisa [38]

Answer:

It would need to charge at least 66,960 to break even.

But it should offer his normal fee

Explanation:

Sales revenue 736,000

Cost Labor      (466,000)

Lease                 (49,300)

Rent                   (42,400)

Supplies            (32,300)

Tom salary     <u>    (73,500)  </u>

Operating profit 50,500

increase in labor cost 58,800

increase in lease           4,930

supplies increase          3,230

the rent is a fixed cost, it would not change.

Total incremental cost: 66,960‬

It would need to charge at least 66,960 to break even.

Anyway, Tom should offer their normal fee as this job takes responsabilities and use Tom capacity to attend other client as it would invest time on this store rather than other projects

7 0
3 years ago
Borasco Corp. owns land with a fair market value of $200,000. Borasco purchased the land 10 years ago for $65,000 and owes a lia
Free_Kalibri [48]

Answer:

$65,000        

Explanation:

Corporate liquidations of property generally are treated as a sale or exchange. Gain or loss generally is recognized by the corporation on a liquidating sale of its assets. Gain or loss generally is recognized also on a liquidating distribution of assets as if the corporation sold the assets to the distributee at fair market value.

In certain cases in which the distributee is a corporation in control of the distributing corporation, the distribution may not be taxable. For more information, see IRC Section 332 and the related regulations.

As a result, Alvo has a basis in the received property of $65,000 because the land was not sold and Alvo did not receive $200,000. Alvo no longer owns stock in Borasco, but has the land.

3 0
3 years ago
Ted Thompson is responsible for two departments that continually set conflicting goals. Ted must get involved in ____ to achieve
VMariaS [17]

Answer:

Business Optimization

Explanation:

Business optimization refers to the procedure of evaluating an enterprise's effectiveness, competitiveness and success and seeking ways of improving that behavior. It is considered a natural methodology of administration which can be seen as a practice of calculation, change, and measurement.

In other words, Business process optimization refers to the method of enhancing procedures by growing the operational performance. This is a part of business systems integration (BPM) framework. Integrated processes contribute to business objectives which are optimized.

4 0
3 years ago
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