Whether corporation retains profits or passes them to the shareholders as dividends, those profits are subject to __________ by various levels of government.

Fill in the blank(s) with the appropriate word(s).

Answer: income tax

Business

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Those resources held in the common are often misallocated

Indicate whether the statement is true or false

Business

The sales account is credited for the selling price of merchandise sold during the period

Indicate whether the statement is true or false

Business