Which of the Following Statements Is True

question 108

Multiple Choice

Which of the following statements is true?

• A) The main items that comprise indirect business taxes include excise taxes,income taxes,and property taxes.
• B) Capital consumption allowance is also known as depreciation.
• C) A sales tax is an example of an indirect business tax.
• D) b and c
• E) a,b,and c

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Definitions:

Laundry Services

Services provided by businesses to clean clothing and textiles for individuals or commercial customers.

Gross Domestic Product

A measure of the economic performance of a country, reflecting the market value of all final goods and services produced within a country's borders in a given period.

Corporate Bond

A debt security issued by a corporation to raise capital from investors, promising to pay back the principal amount with interest.

Stock

A type of financial security that represents a proportion of ownership in a corporation, giving the holder a claim to part of the company's profits and assets.