Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2020

Which of the following is an advantage of a sole proprietorship over other business forms? A) tax-exempt treatment of fringe benefits B) the deduction for

Which of the following is an advantage of a sole proprietorship over other business forms?

A) tax-exempt treatment of fringe benefits

B) the deduction for compensation paid to the owner

C) ease of formation

D) low tax rates on dividends

Step by Step Solution

★★★★★

3.51 Rating (161 Votes )

There are 3 Steps involved in it

Step: 1

d low tax rates on dividends Reason Sole proprietorship business has minimu... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance Services

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

6th edition

978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343

More Books

Students also viewed these Accounting questions

Question

★★★★★

Which of the following is an advantage of non-statistical sampling? a. It measures the audit teams exposure to sampling risk. b. It is required by generally accepted auditing standards. c. It ensures...

Answered: 1 week ago

Question

★★★★★

Which of the following is an advantage of computer- assisted audit techniques (CAATs)? a. The CAATs programs are all written in one computer language. b. The software can be used for audits of...

Answered: 1 week ago

Question

★★★★★

Which of the following is an effective audit procedure that an auditor might use to detect kiting between intercompany banks? a. Review the composition of authenticated deposit slips. b. Review...

Answered: 1 week ago

Question

★★★★★

Use the Principle of Induction to prove the formula for all natural numbers $n$. $1+2+3+\cdots+n=\frac{n(n+1)}{2}$

Answered: 1 week ago

Question

★★★★★

A 4.5 m saturated clay layer (two-way drainage) subjected to surcharge loading underwent 90% primary consolidation in 180 days. a. Find the coefficient of consolidation of the clay for the pressure...

Answered: 1 week ago

Question

★★★★★

An electrical resistor is connected to a battery, as shown schematically. After a brief transient, the resistor assumes a nearly uniform, steady-state temperature of 95C, while the battery and lead...

Answered: 1 week ago

Question

★★★★★

Describe Hartleys seven varieties of pleasure.

Answered: 1 week ago

Question

★★★★★

Omron Electronics currently produces the shipping containers it uses to deliver the electronics products it sells. The monthly cost of producing 10,000 containers follows: Unit-level...

Answered: 1 week ago

Question

★★★★★

3. (1pt) Today, you can exchange $1 for 0.5555. Last week, 1 was worth $1.85. How much profit or loss would you now have if you had converted 100 into dollars last week? This is the correct answer...

Answered: 1 week ago

Question

★★★★★

It's mid-December and Marie is finalizing her divorce. Generally, she and her soon to be ex-spouse have been amicable, and Marie is looking forward to being single. The divorce attorneys will be...

Answered: 1 week ago

Question

★★★★★

Tamarisk Company had the following select transactions. Apr. 1,2022 July 1.2022 Dec 31, 2022 Apr. 1, 2023 Apr. 1.2023 Accepted Goodwin Company's 12-month, 8% note in settlement of a $30,000 account...

Answered: 1 week ago

Question

★★★★★

ToFrom Trucking serves two segments of customers. One segment (A) is willing to pay $3.50 per cubic foot but wants to commit to a shipment with only 24 hours' notice. The other segment (B) is willing...

Answered: 1 week ago

Question

★★★★★

(a) Let Z be a standard normal. Find Pr(-1.96 3). (c) Let X be a t-distribution with df=10. Estimate Pr(-2.2 X*)=.05? (e) Let X be a F10,00 distribution. What value X* solves Pr(X>X*)=.05?

Answered: 1 week ago

Question

★★★★★

Time: 75 minutes Problem 1 (2 points) Calculate I = fc(1+ y)dl, where C is the under half of the circle 2+ y = 4.

Answered: 1 week ago

Question

★★★★★

Build a LP model for the following scenario, but don't solve the LP model that you made. A company manufactures two products whose unit profits are $17 and $15, respectively. The company has budgeted...

Answered: 1 week ago

Question

★★★★★

What is the intercept for the regression equation to forecast demand, in the worksheet: Food Truck Demand?

Answered: 1 week ago

Question

★★★★★

2. Read the below scenario carefully and answer the required question Scenario Ekobats aims to revolutionize the food delivery industry by promoting eco-fremdly praticen and providimg an phatiorm for...

Answered: 1 week ago

Question

★★★★★

Why is it important to understand the macro-environment when making decisions about an international retail venture?

Answered: 1 week ago

Question

★★★★★

The performance of an attestation engagement on prospective financial information does not require which of the following? a. If the basis of the prospective financial information is different than...

Answered: 1 week ago

Question

★★★★★

Alice Rathermel audited LoHo Companys inventory using sampling. She examined 120 items from an inventory compilation list and discovered net overstatement of $ 480. The audited items had a book...

Answered: 1 week ago

Question

★★★★★

Yolanda is the executive in charge of the Santa Fe office of Best & Co, an international public accounting firm. She is responsible for the practice in all areas of audit, tax, and consulting, but...

Answered: 1 week ago

Question

★★★★★

Take a sheet of paper and make six columns on it. Label the columns mere disagreements, overblown conflicts, competition, verbally abusive conflicts, and physically abusive conflicts. In each column,...

Answered: 1 week ago

Question

★★★★★

Can you think of examples where people either focused on the other person or tried to deal with the problem or issue instead? Discuss the outcomes.

Answered: 1 week ago

Question

★★★★★

For the above case, write out at least four statements that demonstrate fractionation, framing, reframing, and common ground.

Answered: 1 week ago

Previous Question Next Question