Reading...
Play button
Play button
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;
6 Cards in this Set
- Front
- Back
|
Phantom income
|
Taxable income to and inv for which there is no corresponding cash flow.
-Must report for tax purposes |
|
|
Blind pool arrangement
|
Inv do not know the identity of assets until AFTER the partnership is formed
|
|
|
Payback method
|
Inv measures the time required for the after-tax income to equal the after-tax cash expenditure
|
|
|
T or F
Both IRR and present value analysis consider the time value of money |
T
|
|
|
S Corp
|
Treated like a partnership but has:
1.100 or few shareholders 2.Issues only 1 class of stock 3.Other corporations and non-resident aliens are prohibited from being shareholders |
|
|
LLC
|
Company that is treated like a partnership for tax purposes but there is NO limit on the # of owners
|
