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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Corporations pay their own income tax on corporate income.  Stockholders pay personal income tax on the dividends received from corporations.  This is an example of ________.
A) a limited liability company
B) no mutual agency
C) continuous life
D) double taxation
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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