MC: Topic: Income Taxation The following defines taxation, except: * It is an inherent power of the state. It is an executive prerogative. It is a process of collecting contributions. It is mode of allocating government costs or burden to the people.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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MC: Topic: Income Taxation

The following defines taxation, except: *

  1. It is an inherent power of the state.
  2. It is an executive prerogative.
  3. It is a process of collecting contributions.
  4. It is mode of allocating government costs or burden to the people.
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