Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
3 Cards in this Set
- Front
- Back
|
ACCT 201 Final Exam Answers |
ACCT 201 Final Exam Answers1. The term “double taxation” refers to which of the following:A. A sole proprietorship must pay income taxes on its net income and the owneris also required to pay income taxes on withdrawals.B. In a partnership, both partners are required to claim their share of netincome on their tax returns.C. Corporations must pay income taxes on their net income, and theirstockholders must pay income taxes on their dividends.D. A sole proprietorship must pay income taxes to both the state government andthe federal government. |
|
|
ACCT 201 Final Exam Answers1. The term “double taxation” refers to which of the following:A. A sole proprietorship must pay income taxes on its net income and the owneris also required to pay income taxes on withdrawals.B. In a partnership, both partners are required to claim their share of netincome on their tax returns.C. Corporations must pay income taxes on their net income, and theirstockholders must pay income taxes on their dividends.D. A sole proprietorship must pay income taxes to both the state government andthe federal government. |
ACCT 201 Final Exam Answers |
|
|
ACCT 201 Final Exam Answers |
ACCT 201 Final Exam Answers1. The term “double taxation” refers to which of the following:A. A sole proprietorship must pay income taxes on its net income and the owneris also required to pay income taxes on withdrawals.B. In a partnership, both partners are required to claim their share of netincome on their tax returns.C. Corporations must pay income taxes on their net income, and theirstockholders must pay income taxes on their dividends.D. A sole proprietorship must pay income taxes to both the state government andthe federal government. |
