A corporation is sometimes called an artificial person
a. True
b. False
a
You might also like to view...
The operating income of a company is $10 million, the net marketing contribution is $30 million and general and administrative expenses are $5 million. Calculate the other operating expenses
A) $10 million B) $5 million C) $15 million D) $20 million E) $25 million
______ describes corporate giving that supports a good environment in which to do business.
A. Philanthropy B. Stewardship C. Enlightened self-interest D. Institutional advancement
The Internet is a valuable community relations tool in furthering human relations and progress, both across communities and in our larger society
Indicate whether the statement is true or false
A firm is selling an existing asset for $5,000. The asset, when purchased, cost $10,000, was being depreciated under MACRS using a five-year recovery period and has been depreciated for four full years
If the assumed tax rate is 40 percent on ordinary income and capital gains, the tax effect of this transaction is ________. A) $0 tax liability B) $1,320 tax liability C) $1,160 tax liability D) $2,000 tax benefit