Double taxation is occurs when income taxes<span> are paid twice on the same source of </span>earned income. The income can be taxed at both the corporate level and personal level.<span>
</span><span>Dividends as a source of investor income is susceptible to double taxation.</span>
Answer:
d. If the manager invests in the additional project, residual income of the division will increase.
Explanation:
RI = Operating Income - (Operating Assets x Minimum Required Rate of Return)
with adding the additional project
Operating Income: $60000 +6000 =$66000
Operating Assets: $375000+$40000 =$415000
Residual income =$66000-14%*$415000 =$7900
Consider the attached information.
After approving all documents from a shipment received, the purchaser sends a <u>check</u> to the vendor.
Who is a Purchaser?
The person who oversees the complete process of choosing, purchasing, and assessing the goods and services a restaurant or food service organisation needs.
Purchase order is a letter advising suppliers that their quotes for goods meeting the quality and quantity requirements in the request for proposals have been accepted and that the shipment should be delivered.
Who is a vendor?
Vendor is someone from whom a business purchases products or services on credit or in cash.
Shipment is the actual physical transportation of things between two locations, such as when goods are transported from a warehouse to a customer.
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