Which of the following statements regarding income tax commercial domicile is incorrect?
A. The location where a business is headquartered.
B. The location from which a business directs its operations.
C. The location where a business is incorporated.
D. None of the choices are correct.
Answer: C
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Using segmentation by size, which type of organization would be most likely to be contacted by a field sales person visiting the organization's place of business?
A) small size B) medium size C) large size D) governmental
A firm obtains cash from all of the following except for:
a. short-term borrowing. b. issuing common shares. c. issuing preferred shares. d. paying dividends to shareholders. e. long-term borrowing.
The virtual corporation form of organization can have disadvantages, including the potential to ______ management's control over the corporation's activities and leave the corporation vulnerable to the opportunistic actions of partners, including cost increases, unintended "borrowing" of technical and other knowledge, and departure from the relationship at inappropriate times.
Fill in the blank(s) with the appropriate word(s).
Accrued taxes payable are generally reported on the balance sheet as a current liability
Indicate whether the statement is true or false