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Ryan Gosling wants to start a new business and has a question: "Which form of business is subject to double taxation of profits?" O Limited partnerships O General partnerships O Corporations O Sole proprietorship

Ryan Gosling wants to start a new business and has a question: "Which form of business is subject to double taxation of profits?" O Limited partnerships O General partnerships O Corporations O Sole proprietorship

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ryan Gosling wants to start a new business and has a question: "Which form of business is subject to double taxation of profits?" O Limited partnerships O General partnerships O Corporations O Sole proprietorship
Transcribed Image Text:Ryan Gosling wants to start a new business and has a question: "Which form of business is subject to double taxation of profits?" O Limited partnerships O General partnerships O Corporations O Sole proprietorship
Considering the time value of money, which project should Beyoncé choose? After Tax Cash Flows Project 1 Project 2 Year 1 $15,000 Year 2 $15,000 O Beyoncé should choose project 1 because it helps her firm avoid taxes. O Beyoncé should choose either project because cash flows are the same. O Beyoncé should choose project 2 because the after-tax cash flows can be reinvested sooner. O Beyoncé should base her decision on the net profit of each project.
Transcribed Image Text:Considering the time value of money, which project should Beyoncé choose? After Tax Cash Flows Project 1 Project 2 Year 1 $15,000 Year 2 $15,000 O Beyoncé should choose project 1 because it helps her firm avoid taxes. O Beyoncé should choose either project because cash flows are the same. O Beyoncé should choose project 2 because the after-tax cash flows can be reinvested sooner. O Beyoncé should base her decision on the net profit of each project.
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