Louisiana Is the Only State That Has Not

question 356

Multiple Choice

Louisiana is the only state that has not:

• A) imposed an income tax
• B) adopted UCC Article 9
• C) agreed to allow out of state business transactions
• D) imposed a sales tax
• E) none of the other choices are correct

---

Definitions:

Rate of Return

The beneficial or detrimental shift in an investment's monetary value across a set timeline, expressed in terms of a percentage of the investment's primary investment.

Current Assets

Assets that a company expects to convert into cash, sell, or consume within one year or its operating cycle, whichever is longer.

Financial Position

A snapshot of the resources, obligations, and net worth of an entity at a specific point in time.