Question
3. Which of the following is NOT a possible advantage of incorporating a business? A. The ability to defer taxes on income left in the
3. Which of the following is NOT a possible advantage of incorporating a business?
A. The ability to defer taxes on income left in the business.
B. The ability to absorb business losses against employment income.
C. Limiting personal liability to the amount paid for shares.
D. The ability to use the lifetime capital gains deduction.
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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
