Examlex
Discuss the characteristics of a personal service corporation (PSC).
Invested Assets
Assets that have been allocated to investments, such as stocks, bonds, or real estate, with the expectation of earning a return.
Minimum Acceptable
The lowest or least satisfactory condition or performance level that is considered adequate or permissible.
Income From Operations
This is a measure of the profit made from a business's core operations, excluding revenues and expenses from non-operational activities.
Invested Assets
Funds or resources that have been allocated into various types of investments, such as stocks, bonds, or real estate, with the expectation of generating income or profit.
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