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Two Layers of Sediment Representing One Year of Deposition in a Lake

question 46

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Two layers of sediment representing one year of deposition in a lake are called a varve.


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Double Taxation

The imposition of tax on the same income, asset, or financial transaction at two different levels of government, for example, corporate profit followed by personal income tax on dividends.

Perpetual Existence

A feature of corporations allowing them to continue indefinitely, beyond the lives of their owners or members.

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Document filed with a state government to legally document the creation of a corporation, outlining key details such as name, purpose, and structure.

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