Canadian Income Taxation, 2018/2019, 21st Edition Test Bank

Ensure exam success with Canadian Income Taxation, 2018/2019, 21st Edition Test Bank, featuring key insights, exam tricks, and practice exercises.

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Chapter 01-Taxation-Its Role in Decision Making1-1Chapter 01Taxation-Its Role in Decision MakingMultiple Choice Questions1.Which of the following is not considered to be a separate entity for tax purposes inCanada?A.An individualB.A proprietorshipC.A corporationD.A trustAccessibility: Keyboard NavigationBlooms: RememberTopic: 01-04 Fundamental Income Tax Structure and Its Complexity2.Which of the following attitudes and actions will help decision-makers develop an efficientapproach to taxation?A.Cash flows should be considered from a before-tax perspective when making decisions.B.Functional managers should not be held responsible for the tax effects of decisions withintheir divisions.C.Tax costs to a business should be regarded as controllable expenses, much like productcosts and selling costs.D.All managers should own a copy of the Income Tax Act.Accessibility: Keyboard NavigationBlooms: UnderstandTopic: 01-02 Taxation-A Controllable Cost

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