Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 18, 2024

Which of the following corporate characteristics is a disadvantage of the corporate form of business? Transferability of ownership No mutual agency Limited liability Double taxation

Which of the following corporate characteristics is a disadvantage of the corporate form of business?

Transferability of ownership

No mutual agency

Limited liability

Double taxation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Introduction To Managerial Accounting

Authors: Peter C. Brewer

Custom Edition

0077842987, 978-0077842987

More Books

Students also viewed these Accounting questions

Question

★★★★★

Why are marketers sometimes forced to reposition their products or services? Illustrate your answers with examples.

Answered: 1 week ago

Question

★★★★★

C7. The U.S. Census Bureau collects information about divorce rates. The following table summarizes the divorce rate for 10 U.S. states in 2017. Use the table to answer the questions that follow....

Answered: 1 week ago

Question

★★★★★

Pet Corporation acquired an 80 percent interest in She Corporation on January 1, 2011, for $320,000, at which time She had capital stock of $200,000 outstanding and retained earnings of $100,000. The...

Answered: 1 week ago

Question

★★★★★

Farar Ltd produced the following information for the month of October. What is the original budget profit for the period? The original budget profit for the period is (Type an integer.)

Answered: 1 week ago

Question

★★★★★

Question 4 of 4

Answered: 1 week ago

Question

★★★★★

Jamie Lee Jackson, age 24, now a busy full-time college student and part-time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is...

Answered: 1 week ago

Question

★★★★★

Newport Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $235,000. The equipment will have an...

Answered: 1 week ago

Question

★★★★★

During batting practice, two pop flies are hit from the same location, 2 s apart. The paths are modeled by the equations h =-16t + 56t and h = -1612+1561-248, where t is the time that has passed...

Answered: 1 week ago

Question

★★★★★

Marwick's Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,480 per unit and then sells them to retail customers for an average price of $2,600 each. The company's...

Answered: 1 week ago

Question

★★★★★

Manufacturing costs for Davenport Company during 2018 were as follows: Beginning Finished Goods, 1/1/18 Beginning Raw Materials, 1/1/18 Beginning Work in Process, 1/1/18 Direct Labor for 2018 Ending...

Answered: 1 week ago

Question

★★★★★

Prepare competently a variety of positive and neutral messages using the direct plan.

Answered: 1 week ago

Question

★★★★★

Distinguish between poor and good positive and neutral messages.

Answered: 1 week ago

Question

★★★★★

Describe the four specific guidelines for using the direct plan.

Answered: 1 week ago

Previous Question Next Question