B Lab Certification Is _____

question 22

Multiple Choice

B Lab Certification is _____.

• A)required for all B corporations
• B)voluntary but desirable
• C)administered by the IRS
• D)considered important only for nonprofit organizations
• E)a legal framework

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Definitions:

UCC

Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.

Adjusted Cost

Adjusted cost refers to the cost basis of an asset after adjustments for stock splits, dividends, and return of capital distributions, used for tax purposes.

Disposal

Refers to the process of getting rid of an asset or substance.

CCA

Capital Cost Allowance, a tax deduction in Canada that represents a yearly depreciation charge for the cost of assets of a business over a period of time.