Examlex
An example of__________ is the custom of maintaining a 9-month school year in Canada, even though this custom no longer matches the current technology.
S Corporation
A special designation for a corporation that allows income, losses, deductions, and credits to be passed through to shareholders for tax purposes.
Dual Purpose Corporation
A business entity designed to operate for both profit and to achieve a social or charitable goal.
General Partnership
A partnership in which the partners divide profits and management responsibility and share unlimited personal liability for the partnership’s debts.
Business Losses
Business losses are the negative financial impacts a business suffers, often reflected in its financial statements as expenses exceeding revenues.
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