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sur, can you explain my questions please? QUESTION 1 What is a corporation? Why might fo- unders have chosen to form a corpora- tion rather
sur, can you explain my questions please?
QUESTION 1 What is a corporation? Why might fo- unders have chosen to form a corpora- tion rather than a partnership? What are the advantages and disadvantages of incorporation? What are the basic types of shares (stocks) in a corporation? How is the issuance of shares (stocks) accounted for? QUESTION 2 "Three Junes Weaving has just purchased an automated weaving machine and is trying to figure out which depreciation method to use: straight-line, units-of-production, or double-declining-balance. Ira Glasier, the controller, is interested in using a depreciati- on method that approximates the usage of the weaving machine. He also expects that the weaving machine will have increasing re- pairs and maintenance as the asset ages.' Which depreciation method should Ira choose? . QUESTION 3 How does a business measure the cost of a plant asset? What does the word capitalize mean? What is the difference between a capi- tal expenditure and a revenue expendi- ture? Give an example of each. QUESTION 4 How can the company reduce the level of uncollectible accounts and increase the likelihood that accounts receivable will be paid on time? What are some limitations of using the direct write-off method? How are uncollectible receivables acco- unted for when using the allowance method? QUESTION 5 What are the main characteristics of li- abilities? How is Value Added Tax recorded in Turkey? Is it considered an expense of a business? Why or why not? What is a contingent liability? Provide some examples of contingencies. What are bonds? What are the types of bonds in Turkey? What are the legal re- gulations relating to bonds in Turkey? Which institutions can issue bondsStep by Step Solution
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