Ronnie is the owner of a pet store and manages the store by himself. Any profit that Ronnie's store earns is:
A. used to purchase preferred stocks of the store.
B. treated as Ronnie's personal income.
C. not subjected to any form of taxation.
D. taxed only if Ronnie has taken a loan.
Answer: B
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Exhibit 14-13 Yoho Corp issued $500,000 of its ten-year 6% bonds at 104. Each $1,000 bond carries ten warrants. Each warrant allows the holder to purchase one share of $10 par common stock for $50. Following the sale, relevant market values were: Bonds $980 (ex rights) Warrants $14 each Common stock $60 each ? Refer to Exhibit 14-13. After a total of 4,000 warrants were exercised, the remaining
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The type of impulse shopping which is least planned by consumers is unplanned substitution
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Medical expense insurance, such as that provided by Blue Cross, has relatively large deductible provisions
Indicate whether the statement is true or false