In a C-corp, what is the tax level when it is sold?
What will be an ideal response?
Answer: two levels: shareholders and corp are subject to tax liquidation
Business
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Which cultural dimension reflects how people deliver, receive, and interpret messages?
A) Ethnocentrism B) Stereotypes C) Context D) Power distance E) Individualism
Business
If a wealthy client with no children wishes to leave $500,000 to the local chapter of American Red Cross, that client may want to create:
A) a spendthrift trust. B) a resulting trust. C) a constructive trust. D) a charitable trust.
Business