Hudson and Ilka want to market a new line of kayaks and related gear under the brand name Journeys as a corporation—Journeys Inc To avoid income taxes at the corporate level, they should form
a. a C corporation.
b. a close corporation.
c. an S corporation.
d. a private corporation.
C
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In order for the assignment problem method to yield an optimal solution all of the transportation costs in the area must be identical
Indicate whether the statement is true or false.
A 99-percent refund of duties and taxes paid on merchandise that is imported, subjected to manufacturing operations and exported within five years, is:
a. a tariff preference. b. a customs drawback. c. a manufacturing drawback. d. a tariff return.
A condition is a qualification in a contract based on a future event that is certain to occur
Indicate whether the statement is true or false
The net assets of a corporation may be referred to as: ______
A) debentures. B) stock. C) capital. D) bonds.