Which of the following actions cannot be used to eliminate a potential accumulated earnings tax liability situation involving a corporation owned by a mother and a father?
A) Create plans to invest retained earnings in a plant expansion.
B) Make a cash distribution within 2 1/2 months after the end of the tax year.
C) Make a deficiency distribution within 90 days of the date on which the IRS determines that an accumulated earnings tax liability is owed.
D) Liquidate the corporation.
C) Make a deficiency distribution within 90 days of the date on which the IRS determines that an accumulated earnings tax liability is owed.
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A small firm is likely to benefit significantly from strategic planning
A. regardless of the nature of its industry or market. B. when it is in a very competitive industry. C. when it is in a very new industry. D. when it is in a very stable industry. E. when it has a very small market.
People vary in their attitudes toward their society—while ________ defend it, malcontents want to leave it
A) reformers B) patriots C) activists D) environmentalists E) historical revisionists
What country below is a member of low-context cultures:
a. China b. Japan c. Chile d. United States
What is a major argument by the United States against the GATT Treaty?
a. The United States competes against countries with unlimited pools of exploited labor. b. The treaty limits free trade based on its "most favored nation" requirement. c. The United States cannot apply the same taxes on imported goods that it applies to its domestic goods. d. The treaty does not provide any means for settling trade disputes between its member states.