Transferring profits from a foreign subsidiary to the parent corporation through dividends, royalties, or management fees is called

Why are certain costs of doing business capitalized when incurred and then depreciated or amortized over subsequent accounting cycles?

a. To reduce the federal income tax liability b. To aid management in cash-flow analysis c. To match the costs of production with revenues as earned d. To adhere to the accounting constraint of conservatism

Which of the following is a feature of the corporate form of business ownership?

a. Unlimited liability b. Lower tax rates c. Limited resources d. Double taxation