FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following gives a corporation an advantage over a partnership or a proprietorship? A. Corporations have limited liability and simplicity in transferring ownership

image text in transcribed
Which of the following gives a corporation an advantage over a partnership or a proprietorship? A. Corporations have limited liability and simplicity in transferring ownership interest B. Corporations have a limited life C. Corporations avoid double taxation D. Corporations are simpler to create

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Understanding Housing Finance

Understanding Housing Finance

Authors: Peter King

2nd Edition

0415432952, 978-0415432955

More Books

Students also viewed these Finance questions

Question

Are there business ideas that would make both mission and money sense for us? P987

Answered: 1 week ago

Question

★★★★★
Claire Corporation is planning to issue bonds with a face value of $100,000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September...

Answered: 1 week ago

Question

★★★★★
You are the director of internal audit at a large publicly traded manufacturing company. You recently met with the manager of IT and expressed the desire to establish a more effective relationship...

Answered: 1 week ago

Question

★★★★★
What would be the net present value of a microwave oven that costs $ 1 5 9 and will save you $ 6 8 a year in time and food away from home? Assume an average return on your savings of 4 percent for...

Answered: 1 week ago

Question

★★★★★
The charter for ASAP - TV, Inc. authorizes the company to issue 100,000 shares of $5, no-par preferred stock and 500,000 shares of common stock with $1 par value. During its start-up phase, ASAP - TV...

Answered: 1 week ago

Question

★★★★★
Which of the following statements regarding the completed contract method is NOT true? a) The company makes different entries to recognize revenue than under percentage-of-completion method. b) The...

Answered: 1 week ago

Question

★★★★★
4. Mr. Buyer bought a car from Mr. Seller, a dealer of cars under the following terms: (1) down payment of P500,000; (ii) entire balance is to be paid on December 24, 2004; (iii) a chattel mortgage...

Answered: 1 week ago

Question

★★★★★
00:19:58 Question #15 of 25 Qu A client who is primarily concerned that inflation might erode the purchasing power of his annuity income would NOT be a good candidate for ik NR han Pleas such surrel...

Answered: 1 week ago

Question

★★★★★
Post the following February journal entries to the general ledger and calculate the ending balances using the T accounts provided. (Post entries in the order displayed in the problem statement.) Feb....

Answered: 1 week ago

Question

★★★★★
to encourage a drive for change by developing new ideas;

Answered: 1 week ago

Question

★★★★★
4 What are the alternatives to the competences approach?

Answered: 1 week ago

Question

★★★★★
2 What different concepts and approaches are used in countries with dissimilar cultures?

Answered: 1 week ago

Previous Question Next Question