Kay Is the Supervisor That the Employees Go to for General

question 99

Multiple Choice

Kay is the supervisor that the employees go to for general decisions.Kay holds ________ power.

• A)reward
• B)expert
• C)legitimate
• D)coercive

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Definitions:

Carry Forward

A provision that allows individuals or businesses to apply current year losses, credits, or deductions to future tax years, to reduce taxable income.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, entering contracts, and being sued.

Income Tax Payable

The amount of income tax a company owes to the government but has not paid by the end of the period.

Prepaid Asset

An asset on the balance sheet representing goods or services paid for in advance, which are to be consumed in future accounting periods.