How is a corporation different from most of the other forms of business organizations?
What will be an ideal response?
Answer: A corporation has a separate legal identity from those of its owners. This separation gives the owners limited liability for the actions of the corporation. The down side is the process of double taxation for each dollar earned by the corporation, once when it is earned by the corporation and subsequently when it is passed on to the owners.
Business
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The term product homologation is used describe the changes mandated by local product and service standards.
a. true b. false
Business
According to some research, firms with higher dividend payouts are more like to
A) generate a tax-loss carry-forward. B) incur financial distress. C) hedge. D) under-report their hedging activities.
Business