Which of the following terms refers to the maximum number or value of shares that a corporation is permitted by its charter to issue?
A) amortized share capital.
B) authorized share capital
C) regulated share capital
D) chartered share capital
E) aggregate share capital
B
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Overhead costs are overapplied if the amount applied to Work in Process is:
A. less than actual overhead incurred. B. greater than estimated overhead. C. greater than actual overhead incurred. D. less than estimated overhead.
In a tax-deferred transaction, the calculation of a taxpayer's tax basis in property received always begins with its cost to the taxpayer.
Answer the following statement true (T) or false (F)
Identify which of the following statements is true.
A. When a controlled foreign corporation (CFC) earns Subpart F income, such income is considered to be a constructive distribution to the CFC's U.S. shareholders on the last day of the CFC's tax year, or the last day on which CFC status is retained. B. Under the Subpart F rules, controlled foreign corporations (CFCs) are required to distribute a certain portion of their income as dividends to their U.S. shareholders. C. For a foreign corporation to be a controlled foreign corporation (CFC), more than 40% of its voting stock, or more than 40% of the value of its outstanding stock, must be owned by U.S. shareholders on any day of the corporation's tax year. D. All of the above are true.
Using social networking sites such as LinkedIn to identify potential candidates for jobs when they may not be actively looking for a new job is known as
a. sourcing. b. surfing. c. referrals. d. scoping.