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Magic Tubs Uses a Process of Covering Old Bathtubs and Showers

Question 43

Multiple Choice

Magic Tubs uses a process of covering old bathtubs and showers with acrylic inserts.Luxurious Baths has a licence granted by Magic Tubs to be the exclusive provider of the technology developed by Magic Tubs.Magic Tubs also lent Luxurious Baths money to help start-up their business.Luxurious Baths must send a copy of their financial statements to Magic Tubs every month.What is the most likely objective of Luxurious Baths' financial statements?


A) Performance evaluation
B) Cash flow prediction
C) Contract compliance
D) Tax minimization

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