Multiple Choice
Which of the following is FALSE?
A) A proprietor's salary is not a tax deductible expense for the company.
B) A corporation owner's salary is a tax deductible expense.
C) Net profit is equal to gross margin minus operating expenses.
D) A profitable business will always have enough cash to pay its bills.
Correct Answer:
Verified
Correct Answer:
Verified
Q50: When small businesses borrow money from banks,
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Q58: The current portion of the long-term debt
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