Sylvia Wants to Expand Her Taxidermy Business and Is Going

question 108

Multiple Choice

Sylvia wants to expand her taxidermy business and is going to use profits from the business to do so.This is an example of using ________ for her expansion.

• A)direct finance
• B)indirect finance
• C)retained earnings
• D)dividends

Know the regulatory reforms affecting corporate governance and shareholder rights.

Evaluate the legal implications of decisions made by corporate officers and directors, including liability issues.

Understand the similarities and differences in basic programming constructs between C and C++.

Comprehend the use and benefits of format manipulators in C++.

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Definitions:

Profit-Sharing Plan

A retirement plan that gives employees a share in the profits of the company, often vested over time.

Simplified Method

A straightforward calculation approach, often used for determining the taxable portion of annuity payments or retirement benefits.

Qualified Pension Plan

A retirement plan that meets requirements set forth by the IRS to qualify for favorable tax treatment.

Tax-Deferred

Tax-Deferred refers to investment earnings such as interest, dividends, or capital gains that accumulate tax-free until the investor takes constructive receipt of the gains.