Which of the Following Cycles Does NOT Affect Cash in Bank

question 89

Multiple Choice

Which of the following cycles does NOT affect cash in bank?

• A) Capital acquisitions cycle
• B) Inventory and warehousing
• C) Payroll and personnel cycle
• D) Acquisitions and disbursements

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C-corp

A corporation in the United States that is taxed separately from its owners, known as shareholders, under the subchapter C of the Internal Revenue Code.

S-corp

A specific designation for a corporation that allows income, losses, deductions, and credits to be passed through to shareholders for federal tax purposes, avoiding double taxation.

Double Taxation

The financial imposition where income taxes are paid twice on the same source of earned income, often in the context of corporate profits taxed both at the corporate level and again when distributed as dividends.