which of the following is a characteristic of liabilities rather than of equity
A: the obligation matures
B: interest paid to the providers of the capital is deductible in the determination of taxable income
C: the capital providers' claim are residual in the event of liquidation of the business
D: the capital providers normally have the right to exercise control over business operations
A: the obligation matures
B: interest paid to the providers of the capital is deductible in the determination of taxable income
C: the capital providers' claim are residual in the event of liquidation of the business
D: the capital providers normally have the right to exercise control over business operations
举一反三
- Which of the following is characteristic of liabilities rather than of equity? A: The obligation matures. B: Interest paid to the provider of the capital is deductible in the determination of taxable income. C: The capital providers' claims are residual in the event of liquidation of the business. D: The capital providers normally have the right to exercise control over business operations.
- What are the two types of business owners' equity? A: original capital B: invested capital C: retained earnings D: additional capital
- Which of the following items are not deductible when calculating the taxable income of enterprise income tax? A: Late tax payment penalties B: Penalties, fines and losses on confiscated properties C: Capital reserves that have yet been audited and determined D: Foreign exchange losses
- Which of the following is not equity? A: paid‑in capital B: retained earnings C: preferred stock D: debentures
- Capital income does not include income paid to households for the use of their capital