question 4.5.6

Question 4 (1 point) Which of the following attitudes and actions will help decision-makers develop an efficient approach to taxation? A) Cash flows should be considered from a before-tax perspective when making decisions. B) All managers should own a copy of the Income Tax Act. Functional managers should not be held responsible for the tax effects of decisions C) within their divisions. D) Tax costs to a business should be regarded as controllable expenses, much like product costs and selling costs. Question 5 (1 point) The manager at Big Company Corporation has decided to sell a after the company's year-end in order to avoid paying capital gains tax this year. Which tax planning method will the manager be using? piece of capital equipment A) Transferring income to another entity. B) Converting the nature of income from one type to another. C)Shifting income from one time period to another. D) This is a form of tax evasion and is not allowed. Question 6 (1 point) Which of the following type of payment is NOT subject to Canadian withholding tax whern paid to a non-resident? A) Interest paid to an arm's length party B) Dividends C) Registered retirement income fund payments D) Pension benefits