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A company with a(n) _____ predisposition allows the values and interests of the parent company to guide strategic decisions.
Generally Accepted Accounting Principles
The standard framework of guidelines for financial accounting used in any given jurisdiction.
Salary Allowance
A mechanism for dividing earnings of a partnership based on personal services provided by the partners (not an expense).
Interest Allowance
A mechanism for dividing earnings of a partnership based on a percentage of capital balances of the partners (not an expense).
Net Income
The total profit of a company after all expenses and taxes have been subtracted from total revenue.
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