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i failed this quiz and just wanna make sure i know the right answers for when we stufy for the final. please help with all
i failed this quiz and just wanna make sure i know the right answers for when we stufy for the final. please help with all 7 questions so i can review and study for the final.
Some of the advantages of a Corporation Vs a Sole Proprietorship are: Select one: a. Investors only risk their investment in the company Vs personal wealth. b. Corporations have the ability to raise capital externally. c. Enjoy "single" taxation d. a \& b only e. b \& c only x Question 2 Incorrect Mark 0,00 out of 1.00 F Flag question The preparation and presentation of a Corporate Income Statement is: Select one: a. Identical to that of a Proprietorship b. Slightly different than that of a Proprietorship x c. Significantly different than that of a Proprietorship The Retained Earnings Account has a normal: Select one: a. Debit Balance b. Credit Balance c. Does not have a balance Question 7 Incorrect Mark 0.00 out of 1.00 p Flag question Common Stock is a: Select one: a. Contra Account x b. Asset Account c. Stockholder's Equity Account Incorrect Mark 0.00 out of 1.00 P Flag question Any amount received from the sale of stock in excess of "par" value is credited to: Select one: a. Paid-in Capital b. Non-operating income x c. Treasury Stock Question 9 Correct Mark 1.00 out of 1.00 F Flag question Treasury Stock Select one: a. has a normal credit balance b. does not have a balance Retained earnings Select one: a. has a normal credit balance b. does not have a balance x c. has a normal debit balance Question 11 Incorrect Mark 0.00 out of 1.00 p Flag question Cash Dividends is similar to Drawings and: Select one: a. has a normal credit balance b. does not have a balance x c. has a normal debit balance Step by Step Solution
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