Which of the following is true? Group of answer choices A. Under the partnership form of...
Which of the following is true?
Group of answer choices
A. Under the partnership form of business organization, the owners are not personally liable for the debts of the business.
B. When employees are paid by the hour, their incentive to shirk is removed.
C. The limited liability of stockholders under the corporate business structure makes it easier to raise equity capital.
D. Under the corporate form of business organization, the owners of the firm are personally liable for its debts.
Homework Answers
"C"
The limited liability of stockholder under the corporate business structure makes it easier to raise equity capital in the market. the answer is "C". all the other statements are wrong. partnership there is unlimited liability and in corporate there is not, hourly wages will not decrease shirk.
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Which of the following is true?
Group of answer choices
A. Under the partnership form of...
check the correct answers Identify which of the following statements are true for the corporate form...
check the correct answers
Identify which of the following statements are true for the corporate form of organization. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) 7 Owners have limited liability for corporate debts Directors oversee its business affairs. ?Stockholders do not have the power to bind...
Which of the following are characteristics of the corporate organizational form? Easy to set-up Must be...
Which of the following are characteristics of the corporate organizational form? Easy to set-up Must be owned by one person Limited liability of owner(s) Could be owned by one person or multiple people More favorable tax treatment than the partnership form Payments to owners are called dividends. Owner(s) personally liable for business debts Must be owned by two or more people Separate legal entity Often easier to acquire capital than other forms
acct hw QUESTION 1 The partnership form of business organization has tax advantage over sole proprietorship....
acct hw
QUESTION 1 The partnership form of business organization has tax advantage over sole proprietorship. combines the records of the business with the personal records of the owner. has tax advantage over corporation. is classified as a separate legal entity. QUESTION 3 Retained earnings is part of stockholders' equity is part of assets is part of liabilities is part of common stock QUESTION 4 A payment of a portion of an accounts payable will increase liabilities decrease stockholders' equity....
Which one of the following statemernts concerning a partnership is true? Select one: O a. A...
Which one of the following statemernts concerning a partnership is true? Select one: O a. A partnership terminates at the death of any partner. O b. Income from a limited partnership is taxed as corporate income. O c. A primary advantage of a partnership is the ease of transferring ownership. O d. Limited partners in a limited partnership should be actively involved in management decision e. Under a general partnership, only the key partner is personally liable for the business...
Identify which of the following statements are true for the corporate form of organization. (You may...
Identify which of the following statements are true for the corporate form of organization. (You may select more than one ans Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Corporations are often subject to fewer regulations than partnerships. Generally there is no double taxation on corporate income that is distributed to owners. It does...
Which of the following statements is true as it relates to limited liability partnerships? A. Only...
Which of the following statements is true as it relates to limited liability partnerships? A. Only senior partners are liable for the partnership's debts. B. Partners are personally liable for the acts of those under their supervision. C. Partners have no liability in a limited liability partnership arrangement. D. All partners must be AICPA members.
Jada is starting a restaurant. To limit her personal liability for the business's debts, Jada could...
Jada is starting a restaurant. To limit her personal liability for the business's debts, Jada could form a (a) corporation (b) limited liability company (c) general partnership (d) both choices (a) and (b) are correct (e) all of the above Barry Jones and Anne Smith co-own a bowling alley called "Lake City Lanes". No documents related to the formation or operation of the business has ever been filed in either the Country Clerk's Office or in the NYS Department of...
Identify which of the following statements are true for the corporate form of organization. (You may...
Identify which of the following statements are true for the corporate form of organization. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) ? It has many of the same rights as an individual. ? It does not end with the death of an owner. ?The sale of shares from one...
For question #4 accurately answer each of the following: Ch 01: Assignment-An Overview of Financial Management...
For question #4 accurately answer each of the following:
Ch 01: Assignment-An Overview of Financial Management Businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP). Different forms of businesses have different characteristics. Which of the following characteristics belong to a proprietorship? Check all that apply. Profits taxed only once, at the individual (personal) level can easily raise large amounts of capital Subject to unlimited liability You see and read...
4. Forms of business organizations Aa Aa Businesses can be classified into the following forms: proprietorship,...
4. Forms of business organizations Aa Aa Businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP). Different forms of businesses have different characteristics. Which of the following characteristics belong to a limited liability company? Check all that apply. Might be an S corporation (a special case with a limited number of shareholders) Types of businesses that may adopt this form designated by states Owners with limited liability and possibly...
check the correct answers
Identify which of the following statements are true for the corporate form of organization. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) 7 Owners have limited liability for corporate debts Directors oversee its business affairs. ?Stockholders do not have the power to bind...
Which of the following are characteristics of the corporate organizational form? Easy to set-up Must be owned by one person Limited liability of owner(s) Could be owned by one person or multiple people More favorable tax treatment than the partnership form Payments to owners are called dividends. Owner(s) personally liable for business debts Must be owned by two or more people Separate legal entity Often easier to acquire capital than other forms
acct hw
QUESTION 1 The partnership form of business organization has tax advantage over sole proprietorship. combines the records of the business with the personal records of the owner. has tax advantage over corporation. is classified as a separate legal entity. QUESTION 3 Retained earnings is part of stockholders' equity is part of assets is part of liabilities is part of common stock QUESTION 4 A payment of a portion of an accounts payable will increase liabilities decrease stockholders' equity....
Which one of the following statemernts concerning a partnership is true? Select one: O a. A partnership terminates at the death of any partner. O b. Income from a limited partnership is taxed as corporate income. O c. A primary advantage of a partnership is the ease of transferring ownership. O d. Limited partners in a limited partnership should be actively involved in management decision e. Under a general partnership, only the key partner is personally liable for the business...
Identify which of the following statements are true for the corporate form of organization. (You may select more than one ans Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Corporations are often subject to fewer regulations than partnerships. Generally there is no double taxation on corporate income that is distributed to owners. It does...
Identify which of the following statements are true for the corporate form of organization. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) ? It has many of the same rights as an individual. ? It does not end with the death of an owner. ?The sale of shares from one...
For question #4 accurately answer each of the following:
Ch 01: Assignment-An Overview of Financial Management Businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP). Different forms of businesses have different characteristics. Which of the following characteristics belong to a proprietorship? Check all that apply. Profits taxed only once, at the individual (personal) level can easily raise large amounts of capital Subject to unlimited liability You see and read...
4. Forms of business organizations Aa Aa Businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP). Different forms of businesses have different characteristics. Which of the following characteristics belong to a limited liability company? Check all that apply. Might be an S corporation (a special case with a limited number of shareholders) Types of businesses that may adopt this form designated by states Owners with limited liability and possibly...
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