Question
Identify each of the following characteristics as being an advantage or a disadvantage of the corporate form of business or not applicable to the corporate
Identify each of the following characteristics as being an advantage or a disadvantage of the corporate form of business or not applicable to the corporate form of business organization.
1.Separate legal entity
Not Applicable
Advantage and Disadvantage
Advantage
Disadvantage
2. Taxable entity resulting in additional taxes
Disadvantage
Not Applicable
Advantage and Disadvantage
Advantage
3.Continuous life
Disadvantage
Advantage
Advantage and Disadvantage
Not Applicable
4.Unlimited liability of owners
Disadvantage
Not Applicable
Advantage
Advantage and Disadvantage
5.Government regulation
Not Applicable
Disadvantage
Advantage and Disadvantage
Advantage
6.Separation of ownership and management
Not Applicable
Disadvantage
Advantage and Disadvantage
Advantage
7.ability to acquire capital
Disadvantage
Advantage and Disadvantage
Advantage
Not Applicable
8.Ease of transfer of ownership
Advantage
Disadvantage
Not Applicable
Advantage and Disadvantage
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
