Question 3 Which one of the following would not be considered an advantage of the corporate form of organization? Not yet answered Marked out of 1.50 P Flag question Select one: separate legal existence continuous life government regulation limited liability of shareholders Question 4 Which of the following statements concerning financial statement presentation is false? Not yet answered Marked out of 1.50 Flag question Select one: Companies reporting under IFRS must disclose whether they are using the cost or revaluation model for each class of long-lived asset in the notes to their statements. Goodwill is reported separately from intangible assets O Companies must disclose their policy for testing impairments in the notes to their statements. Companies reporting under ASPE must include a reconciliation of the changes during the year in the carrying amount for each class of long-lived asset in the notes to their statements. Last year, Hadley Bakery's statement of income reported the following: net income, $325,600; interest expense, $81,400, and income tax expense, $113,960. The company's times interest earned ratio is Question 5 Not yet answered Marked out of 1.50 P Flag Question Select one 4.6 times 6.4 times 4.0 times 5.0 times