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A major disadvantage of a corporation is the A. difficulty in transferring ownership. B. limited life. C. difficulty in raising capital. D. double taxation of the corporation’s income and of dividends paid to shareholders.
A major disadvantage of a corporation is the double taxation of the corporation’s income and of dividends paid to shareholders.
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Asked 5/7/2015 7:58:56 PM
Updated 8/31/2015 5:51:18 AM
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A major disadvantage of a corporation is the double taxation of the corporation’s income and of dividends paid to shareholders.
Added 8/31/2015 5:51:18 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/31/2015 5:53:10 AM]
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Purchases are a/an A. cost. B. asset. C. liability. D. revenue.
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Updated 1/10/2016 8:32:51 AM
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Purchases are a cost.
Added 1/10/2016 8:32:51 AM
This answer has been confirmed as correct and helpful.
When the term F.O.B. shipping point is used, title passes when the A. goods reach the halfway point. B. goods reach the destination. C. goods are shipped. D. buyer unpacks the goods.
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Updated 5/1/2015 5:38:47 AM
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When the term F.O.B. shipping point is used, title passes when the goods reach the destination.
Added 5/1/2015 5:38:47 AM
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Rated bad by brycetruhlar
All of the following are intangible assets except A. patents. B. copyrights. C. franchises. D. Accounts Receivable.
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The inventory method where the cost flows tend to follow the physical flow is A. LIFO. B. FIFO. C. weighted-average. D. specific invoice.
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Updated 4/30/2015 11:49:44 PM
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Which inventory method produces the lowest income tax during a period of inflation? A. LIFO B. FIFO C. Weighted-average D. All of the above would have the same tax effect.
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Updated 3/27/2016 1:27:00 AM
1 Answer/Comment
LIFO produces the lowest income tax during a period of inflation.
Added 3/27/2016 1:27:00 AM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [3/27/2016 2:40:44 AM]
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