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levacccp [35]
2 years ago
8

Amanda has always been inclined toward baking and wants to open her own bakery. She takes a loan of $20,000 from the bank and st

arts a bakery in her hometown. In the context of the four forms of business, Amanda most likely _____. owns a limited liability company has a sole proprietorship owns a statutory close corporation has a general partnership
Business
1 answer:
Orlov [11]2 years ago
8 0
Limited Liability Company (LLC): This is a 'mix' between a corporation and a sole proprietorship. Most businesses that have an LLC are partnerships but sole owners can have this as well. There are tax break advantages with an LLC that are more comparable to a sole proprietorship. 
Sole Proprietorship: The most common type of business practice, one sole owner. 
Statutory Close Corporation: Stockholders are actively involved in managing the business.
General Partnership: Two or more people agree to share assets, profits and all legal matters within a business. 

Based on the differences between these types of business practices Amanda most likely has a Sole Proprietorship.

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What is the maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus?
Olegator [25]

The maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus is: 250 chart.

<h3>What is chart of accounts in QuickBooks?</h3>

Chart of accounts in QuickBooks  can be defined as the account that are mostly use in tracking every financial statement or information.

The Chart of accounts in QuickBooks  should not be more than 250 chart of account based on the fact that if your  account is higher than 250 in your chart of account this can tend to lead to suspension of the subscription you made.

Therefore the maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus is: 250 chart.

Learn more about chart of accounts in QuickBooks here:brainly.com/question/14493199

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4 0
1 year ago
A 50-year old customer is in a very low tax bracket. She lives in a state that has one of the highest income tax rates. The cust
zvonat [6]

Answer:

b. investment grade corporate bond

Explanation:

Credit rating is used to show the reliability of a security. The Investment Grade is a credit rating the is low risk bond. There is low possiblity of default on this type of investment.

Medium rating of A and BBB represent the investment grade corporate bond.

This is an attractive investment for the more conservative investor.

This is an ideal investment choice for the 50-year old customer with very low tax bracket, in a state with high income tax rates. So she is seeking income and preservation of capital.

3 0
3 years ago
You find a printed document marked as 'Confidential' on the desk of your colleague who has left
8_murik_8 [283]

Confidential papers are extremely well-protected materials. So, if I come across a document with Confidential scrawled on it, I'll simply tuck it under the door.

<h3>What basically constitutes confidential papers?</h3>

All plans, designs, renderings, reports, analyses, studies, records, agreements, summaries, notes, and other materials and documents relating to the Developer, whether written or given orally, are considered Confidential Documents.

As a result, in the scenario above, I will simply place the confidential paper in the drawer of a coworker.

Learn more about confidential papers:

brainly.com/question/14272491

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3 0
2 years ago
What is Accounting ethics
Aneli [31]

Answer:

Accounting ethics is primarily a field of applied ethics and is part of business ethics and human ethics, the study of moral values and judgments as they apply to accountancy. It is an example of professional ethics

Explanation:

6 0
3 years ago
Interest paid by a corporation is a deductible operating expense, hence it decreases the firm’s taxes. A. True B. False
AlexFokin [52]

Answer:

True (A)

Explanation:

Interest paid which is also known as finance cost is deductible from operating income which reduces profit before tax i.e tax base and hence, reduces company tax liability.

Interest on loan is an allowable deduction in arriving at company taxable income unlike dividend which is not allowed.

7 0
3 years ago
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