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Which of the Following Are "Reasonable Needs" That Will Help

question 77

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Which of the following are "reasonable needs" that will help a corporation in avoiding the accumulated earnings tax?


Definitions:

Non-Callable

A term referring to a bond or other fixed-income security that cannot be redeemed by the issuer before its maturity date.

Long-Term Debt

Debt obligations that are due in more than one year, used by businesses and governments to finance their operations.

Common Shares

Common Shares are units of ownership in a company that entitle the shareholders to vote at shareholders' meetings and receive dividends.

EBITDA

Earnings before interest, taxes, depreciation, and amortization.

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