Profits Earned by Subsidiary Are Taxed Even If It Is

question 19

Multiple Choice

Profits earned by subsidiary are taxed even if it is not repatriated to the parent company as dividends because they are considered as income for the parent company.

• A) True
• B) False
• C) Uncertain

Recognize the role of visible artifacts in interpreting an organization's culture.

Identify practices and strategies that contribute to creating and altering an organization's culture.

Distinguish between adaptive and non-adaptive organizational cultures and their impact on company performance.

Understand the significance of rituals, myths, and symbols in communicating corporate values.

---

Definitions:

Statement Of Cash Flows

A report that captures the effects of changes in balance sheet accounts and income on the availability of cash and cash equivalents.

Equipment

Tangible property other than land or buildings that is used in operations of a business, such as machinery or office furniture.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Statement Of Cash Flows

An accounting document illustrating the impact of adjustments in balance sheet figures and profits on cash and cash equivalents, separated into operating, investing, and financing sectors.