Quisha operates River Valley Soccer, an athletic equipment shop, as a sole proprietorship. Taxes on the business's income are paid by

A. no one.
B. Quisha.
C. the state or federal government.
D. the business.


Answer: B

Business

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A) brand B) value proposition C) deal D) marketing plan E) demand

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James Carson and Martin Tighe, CPAs have audited all the figures on the balance sheet. James Carson argues with Martin Tighe that since the retained earnings figure is a balancing figure, it requires no further verification. Martin Tighe, however, disagrees and argues that they should still choose to verify retained earnings. Who do you agree with and why?

Business

Answer the following statements true (T) or false (F)

It is no less true under SFAS No. 13 than it was under ARB 38 that more leases are being capitalized than should be.

Business

The output of the master schedule is a(n) ______.

A. material requirements plan B. operations plan C. master production schedule D. production plan

Business