Examlex
Recently a news article described the pirating of music originally recorded by popular celebrities in the U.S.It seems that a recording made in the U.S.can be copied within a couple of hours and sold abroad.The U.S.government is able to readily prosecute foreign companies involved in these illegal actions.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle, whichever is longer.
Fixed Assets
Fixed assets, also known as non-current assets, are long-term physical assets used in the operations of a business.
Taxable Income
The portion of an individual's or corporation's income used as a basis for calculating the amount of income tax owed to the government.
Tax Rates
The ratio of private or corporate earnings that is annexed by governmental agencies as tax.
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