Both the C-Corp and the S-Corp Have to Deal with Double

question 4

True/False

Both the C-corp and the S-corp have to deal with double taxation,as there are two levels of tax to pay for both types of legal structures.

---

Definitions:

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for non-cash transactions, indirect expenses, and changes in working capital.

Depreciation Expense

A technique in accounting that involves spreading out the expense of a physical asset over its expected lifespan.

Depreciation Expense

The allocated cost of an asset over its useful life as an expense in accounting.