The earnings of sole proprietorships are taxable to the owners rather than the company itself.
Answer the following statement true (T) or false (F)
True
Because proprietorships are not separate taxable entities, company earnings are taxable to the owners rather than the company itself.
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A gift causa mortis does not become absolute until the donor dies from the contemplated illness or other peril.?
Indicate whether the statement is true or false
Rock-TennRock-Tenn produces packaging products. They make cartons that will hold a dozen Dunkin' Donuts, waffle fries for Chik-fil-A, Gillette razors, Haagen -Daz ice cream, express mail envelopes for FedEx and much more. Rock-Tenn business fluctuates depending on consumer demand. As plastic products become more expensive companies turn to cardboard and paper to package their products.Refer to Rock-Tenn. Rock-Tenn makes paper products for companies to use in their product and service offerings. As long as there is a demand for Dunkin' Donuts, there will be demand for their dozen-donut cartons, which will ensure demand for paper to manufacture into cartons. This is an example of _____ demand.
A. derived B. inelastic C. joint D. consumer E. upward
Advantages of using internal catalogs include
A) decreasing the number of suppliers. B) easy financial controls. C) using search engines to look through internal catalogs. D) all of the above.
An accounting firm was sued for negligently preparing a financial report for a company. It causes losses to occur and the firm was found to have been negligent in its work. This meant that the firm would likely be:
a. not liable for damages since the problem was negligence, not intentional mistakes b. responsible for losses not to exceed $1 million, the statutory limit on accountant liability in that state c. not responsible for damages despite negligence, since reliance could not be shown d. not responsible for damages despite negligence because of a lack of proximate cause e. none of the other choices