What type of corporation can avoid double taxation?
A) C corporation.
B) L corporation.
C) Both of the above.
D) None of the above.
D
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As a project manager with a great deal of training in decision making, Alex is to be taken seriously when he tells his subordinates, "We're in a crisis situation." He is referring to a(n)
A. point of sudden change that may well cause serious damage and thus requires deliberate thinking. B. emergency that will likely make or break the company, thus creating a point of no return. C. circumstance that requires educated minds to address, because intuition alone will not prove adequate. D. change, either sudden or evolving, resulting in an urgent problem that has be addressed immediately. E. result of evolving conditions that has the potential to erupt into complete disaster if left unchecked.
American Girl DollThe American Girl catalog began as a concept to introduce today's girls to girls who lived in the past. Each historically accurate doll is carefully crafted and dressed and has books to describe her life. For example, Kristen is an 1854 pioneer girl who is growing up in Minnesota. Her story begins with her long sea voyage from Sweden. The basic doll dressed in a calico dress and striped apron plus the hardcover story of how she got to Minnesota costs $90. Six more hardback books of Kristen's life are available for $74.95. Kristen's nightgown costs $20, and a matching one for the doll owner is an additional $38. Buy both together and the price is only $50. A hand-painted wooden bed and trunk for Kristen are available for $213. Shipping costs vary with the price of the
merchandise ordered.Refer to the American Girl Doll. American Girl is the primary seller of historically accurate dolls with accompanying books in a market where there is very little competition. It has no cash flow problems and is not interested in maximizing its sales. From this information, you should know American Girl has _____ pricing objectives. A. status quo B. psychological C. profit-oriented D. sales-oriented E. supply-derived
Contracts obstructing the administration of justice are unenforceable
Indicate whether the statement is true or false
The Miller Company earned $125,000 of revenue on account during Year 1. There was no beginning balance in the accounts receivable and allowance accounts. During Year 1, Miller collected $83,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account.What is the net realizable value of Miller's receivables at the end of Year 1?
A. $42,000 B. $45,750 C. $39,510 D. $38,250