The annual report of a company is ________
A) printed and mailed to owners and the SEC
B) not available online
C) not mailed to owners but only to the SEC
D) always available online in more details
Answer: A
Explanation: A) The annual report of a company is printed and mailed to owners and the SEC. Much of the same financial statement information is available at various financial Web sites.
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Racine started a new business in the current year. She incurred $52,000 of start-up costs. If her business started on November 23rd of the current year, what is the total amount she may deduct with respect to the start-up costs for her initial year, rounded to the nearest whole number?
A. $52,000. B. $5,522. C. $2,555. D. $3,544. E. None of the choices are correct.
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Which of the following is a right to which every general partner is entitled under the Uniform Partnership Act?
A) right to remuneration B) right to free and open speech C) right to return of capital D) right to legal action