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WITCHER [35]
3 years ago
15

Kelly, Felix, and Kishan decide to start a web development business together. They have been working separately as independent c

onsultants for several years, but they decide they would benefit greatly from joining forces and starting an S corporation. What must they be aware of before starting this type of business
Business
1 answer:
Phoenix [80]3 years ago
3 0

What they be aware of before starting this type of business is: they will not incur double taxation.

<h3>What is double taxation?</h3>

Double taxation can be defined as the way in which tax is imposed on a person or a company income twice.

Based on the given scenario they will not incur double taxation for starting an S corporation reason being that S corporations  tend to have the same liability and the revenue or gain generated by them  is move directly to shareholders.

Inconclusion  what they be aware of before starting this type of business is: they will not incur double taxation.

Learn more about double taxation here: https://brainly.in/question/1649314

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Khandi gives a presentation to advocate that her employer, Let-Us Ltd., which offers services such as personal shopping and even
Sladkaya [172]

Answer:

A). She cites a personal services company in another city that increased its business by adding dog walking to its services.

Explanation:

PREP method is demonstrated as the effective method or approach of presentation or speech that consists of four steps: 'P stands for 'point'(statement of claim), 'R stands for 'reasons'(explanation of the point), 'E stands for 'examples or evidence'(to support the claim), and lastly, 'P stands for point('justification and restatement of the claim').

According to this method, option A i.e. 'She cites a personal services company in another city that increased its business by adding dog walking to its services' reflects the third step that Khandi uses for her presentation. <u>This citation would not only support her claim but also establish the credibility of her claim</u> while the next step would prove how her claim is justified. Thus, <u>option A</u> is the correct answer.

7 0
3 years ago
Comprehensive income is defined as: Net income plus other comprehensive income. Changes in equity for a period resulting from al
SVEN [57.7K]

Answer: Changes in equity for a period from all sources except those by non-owner sources.                            

Explanation: In simple words, comprehensive income refers to those transactions that were not realized before so they later get recorded in the income statement.

These transactions usually results in increase in shareholders equity. Usually such transactions involve unrealized gain or loss from available for sale securities or foreign currency transactions.

8 0
3 years ago
9,432 written verbal is?
LenKa [72]

Answer:

Poetry?????????????????

8 0
3 years ago
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The following computations were made from Clay Co.'s current-year-end books:Number of days' sales in inventory 61Number of days'
adelina 88 [10]

Answer: 94 DAYS

Explanation: The average time it takes for the business to complete the whole process of making initial cash outflow to produce goods and receiving cash from customers by selling those goods produced is called operating cycle of that business.

formula = number of days of inventory + number of days in accounts receivable

therefore,

operating cycle = 61 days + 33 days = 94 days

5 0
3 years ago
Which of the following is not true about a cap-and-trade system: Select one:
PtichkaEL [24]

Answer:

c. A cap-and-trade system is considered a command and control regulation

Explanation:

The both are different systems as the cap-and-trade system which permits to trade and is more efficient in most of the markets. Nevertheless, the command and control system is used to laws it is not the most efficient, considering as well that is onerous and expensive for the government.

3 0
4 years ago
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