Which of the following steps, related to a tax bill, occurs first?
A. signature or veto by the President of the United States
B. consideration by the entire Senate
C. consideration by the Senate Finance Committee
D. consideration by the House Ways and Means Committee
Answer: D
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Which of the following are considered to be legal entities that exist separate and distinct from their owners?
a. sole proprietorships b. partnerships c. corporations d. organizations with more than 100 partners
Non-comparative scaling data are generally assumed to be interval or ratio scaled
Indicate whether the statement is true or false
According to the FASB's conceptual framework, comprehensive income includes which of the following? Gross Profit Operating Income
a. No No b. No Yes c. Yes Yes d. Yes No e. None of these answer choices is correct.
_____________ is the process in which small loans are given to entrepreneurial individuals in developing counties in order to develop income that will benefit the individual as well as the local village through poverty reduction.
a. Equity finance b. Macro finance c. Debt finance d. Microfinance