Identify which of the following statements is true.
A) The personal holding company tax is levied to prevent closely held corporations from sheltering passive income.
B) Caleb Corporation is owned by a mother and her two daughters. It reports $100,000 of rental income; $30,000 of depreciation, interest, and property taxes on the rental real estate; and $10,000 of dividend income. Caleb Corporation is classified as a personal holding company.
C) Luke Corporation is owned by a father and his son. The corporation employs 10 individuals to provide public accounting services. Father and son make all of the work assignments for the professional employees. The professional fees earned by the corporation are personal holding company income.
D) All of the above are false.
A) The personal holding company tax is levied to prevent closely held corporations from sheltering passive income.
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Which of the following is true of Japanese creative advertising strategies according to Tamotsu Kishii?
A) They use humor to create a bond of mutual feelings. B) They use long, explanatory narrations in television commercials. C) They place priority on product quality rather than company trust. D) They prefer direct rather than indirect forms of expression.
Today, the standards of marketing practice have shifted from the interests of producers to the interests of ________.
A. nonprofit organizations B. government C. consumers D. suppliers E. resellers
What distributes goods and services to customers?
A. Outbound logistics B. Inbound logistics C. Logistics D. Cradle to grave
All of the following are characteristics of a closely held corporation EXCEPT:
a. the shares are publicly traded. b. the corporation can typically operate without a board of directors. c. the shareholders usually restrict share transfer. d. minority shareholders are provided more protection than in regular corporations.