Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 05, 2021

What is a disadvantage of a corporation relative to a sole proprietorship or partnership? A) Profits are taxed twice: as corporate profits and as dividend

What is a disadvantage of a corporation relative to a sole proprietorship or partnership?

A) Profits are taxed twice: as corporate profits and as dividend income and capital gains to stockholders.

B) perpetual life

C) dies with the owner

D) Owners have unlimited liability.

E) high cost of capital

Step by Step Solution

★★★★★

3.46 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

A Profits are taxed twice as corporate profits and as dividend income and c... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Small Business

Authors: Jerome Katz, Richard Green

4th edition

78029422, 978-0077513009, 77513002, 978-0078029424

More Books

Students also viewed these Accounting questions

Question

★★★★★

Prepare a contribution margin format income statement China Imports. Inc, sold 18,000 units in May. Per unit selling price and variable expense were $25 and 517 respectively. Fixed expense incurred...

Answered: 1 week ago

Question

★★★★★

Prepare a contribution margin format income statement; answer what-if Questions. Shown here is an income statement in the traditional format for a firm with a sales volume of 15,000 units: Revenues ....

Answered: 1 week ago

Question

★★★★★

Assume your dry cleaning business is a service that youve found the average person will use once a month in your area. You also discovered that customers want to drive less than 3 miles for dry...

Answered: 1 week ago

Question

★★★★★

The preferred stock of Walter Industries Inc. currently sells for $36 a share and pays $2.50 in dividends annually. What is the firms cost of capital for the preferred stock?

Answered: 1 week ago

Question

★★★★★

The Sun puts out twice as much solar energy in 2 hours as it does in 1 hour. But the solar power of the Sun is the same from one hour to the next. Distinguish between the terms solar energy and solar...

Answered: 1 week ago

Question

★★★★★

The probability of an electronic sensor malfunctioning is known to be 0.10. A random sample of 12 sensors is chosen. Find the probability that: (a) At least 3 will malfunction. (b) No more than 5...

Answered: 1 week ago

Question

★★★★★

=+d) What components would you now say are in this series?

Answered: 1 week ago

Question

★★★★★

The financial statements for Castile Products, Inc., are given below: Account balances at the beginning of the year were accounts receivable, $25,000; and inventory, $60,000. All sales were on...

Answered: 1 week ago

Question

★★★★★

Purpose in life means to have a sense of directin, goals and meaning in life. True False

Answered: 1 week ago

Question

★★★★★

In the 2018 General Social Survey (GSS), 2,344 respondents answered the question, How many children have you ever had? The results were a. Is the variable, number of children, categorical or...

Answered: 1 week ago

Question

★★★★★

Richard McCarthy (born 2/14/64; Sodial Security number 100-10-9090) and Christine McCarthy (borm 6/1/1966; Social security number 101-21- 3434) have a 19-year-old son (born 10/2/99 Sodial Security...

Answered: 1 week ago

Question

★★★★★

Harold Lau will deposit enough money today so that his account will contain $20,000 in 10 years. The account will pay interest at 8% compounded semiannually. Compute the interest (in dollars) that...

Answered: 1 week ago

Question

★★★★★

Module 2: Exemplary Level (2 marks) 8) A swimmer wants to end up at a dock due north of her starting point on the south side. In still water her maximum speed is 1.25 m/s. The river has a current...

Answered: 1 week ago

Question

★★★★★

Excel File Edit View Insert Format Tools Data Window Help 11 8 ) 75% Tue 10:23 AM QE AutoSave OFF A F ? C ... SMS310 Test 2 - Student File Final Home Insert Draw Page Layout Formulas Data Review View...

Answered: 1 week ago

Question

★★★★★

A developer filed a breach of contract action against a general contractor in federal district court. If the contract was breached, the general contractor believes the fault was that of the framing...

Answered: 1 week ago

Question

★★★★★

What would be the approximate current flow in a 120 volt circuit with a 400 watt toaster and an 800 watt microwave oven attached

Answered: 1 week ago

Question

★★★★★

The names of the employees of Hogan Thrift Shop are listed on the following payroll register. Employees are paid weekly. The marital status and the number of allowances claimed are shown on the...

Answered: 1 week ago

Question

★★★★★

The diameter of a sphere is 18 in. Find the largest volume of regular pyramid of altitude 15 in. that can be cut from the sphere if the pyramid is (a) square, (b) pentagonal, (c) hexagonal, and (d)...

Answered: 1 week ago

Question

★★★★★

Why do you think that thieves target heavy construction machinery?

Answered: 1 week ago

Question

★★★★★

Check your states and localitys websites for information on programs supporting economic development through small business creation and job creation. You can get a start at USA.govs State and...

Answered: 1 week ago

Question

★★★★★

What issues should be addressed in a company policy on e-mail?

Answered: 1 week ago

Question

★★★★★

Research has shown that a dog will respond with learned helplessness if it has received repeated shocks and has had the opportunity to escape. no control over the shocks. pain or discomfort. no food...

Answered: 1 week ago

Question

★★★★★

What negative attitudes might professors and students have toward each other? What strategies might change those attitudes?

Answered: 1 week ago

Question

★★★★★

People who have close relationships are less likely to die prematurely than those who do not, supporting the idea that social ties can be a source of stress. gender influences longevity. Type A...

Answered: 1 week ago

Previous Question Next Question