Homework Answers
Ans I, III and IV only
Advantages of corporate form of business ownership is that the corporate has limited liability, it has ability to raise capital and the life of the corporate is unlimited. The shareholders are the owners of the corporate. The liability of the shareholders is limited to the amount of share invested by them.
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Question 35 (1 point) Which of the following are advantages of the corporate form of business...
Identify which of the following statements are true for the corporate form of organization. Choose all...
Identify which of the following statements are true for the corporate form of organization. Choose all that apply. (A) Owners have limited liability for corporate debts.checked (B) It has an unlimited life.unchecked (C) Directors oversee its business affairs.checked (D) Ownership is usually transferred readily.unchecked (E) Generally there is no double taxation on corporate income that is distributed to owners.unchecked (F) It is not a separate legal entity from its owners.checked (G) Owners are agents of the corporation. This one has...
Probably the major disadvantage of the standard corporation form of business is limited liability. O double...
Probably the major disadvantage of the standard corporation form of business is limited liability. O double taxation of dividends paid to shareholders. O limited life. O an ability to issue bonds as a form of raising funds.
Identify which of the following statements are true for the corporate form of organization. 1. Ownership...
Identify which of the following statements are true for the corporate form of organization. 1. Ownership rights cannot be easily transferred. 2. Owners have unlimited liability for corporate debts. 3. Capital is more easily accumulated than with most other forms of organization. 4. Corporate income that is distributed to shareholders is usually taxed twice. 5. It is a separate legal entity. 6. It has a limited life. 7. Owners are not agents of the corporation.
1. Which of the following statements is true? A. An advantage of a partnership is limited...
1. Which of the following statements is true? A. An advantage of a partnership is limited life. B. An advantage to a partnership is unlimited liability. C. A disadvantage of a partnership is that it is difficult to transfer ownership. D. A disadvantage to a partnership is double taxation. 2. Which of the following statements is true? A. A disadvantage of a corporation is limited liability. B. An advantage of a corporation is double taxation. C. An advantage of a...
Which of the following is a disadvantage of the company form of business? Select one: a....
Which of the following is a disadvantage of the company form of business? Select one: a. Its shareholders always have unlimited liability for debts incurred by the business. b. It has an unlimited life. c. It has the ability to raise large amounts of capital. d. It must comply with the Corporations Act 2001 and other legislation.
Which of the following statements is NOT TRUE? Question 3 options: Double taxation of income is...
Which of the following statements is NOT TRUE? Question 3 options: Double taxation of income is a disadvantage of the corporate form of business organization. Shareholders have unlimited liability for the obligations of the corporation which represents an important legal risk that equity investors must consider. Corporations are assumed to have perpetual lives and partnerships have limited lives. Ownership in a corporation is represented by equity shares and this implies that ownership can readily be transferred from one person to...
Which of the following statements is NOT TRUE? Question 13 options: Double taxation of income is...
Which of the following statements is NOT TRUE? Question 13 options: Double taxation of income is a disadvantage of the corporate form of business organization. Ownership in a corporation is represented by equity shares and this implies that ownership can readily be transferred from one person to another. Shareholders have unlimited liability for the obligations of the corporation which represents an important legal risk that equity investors must consider. Corporations are assumed to have perpetual lives and partnerships have limited...
Which of the following statements is NOT TRUE? Question 38 options: Corporations are assumed to have...
Which of the following statements is NOT TRUE? Question 38 options: Corporations are assumed to have perpetual lives and partnerships have limited lives. Shareholders have unlimited liability for the obligations of the corporation which represents an important legal risk that equity investors must consider. Double taxation of income is a disadvantage of the corporate form of business organization. Ownership in a corporation is represented by equity shares and this implies that ownership can readily be transferred from one person to...
The advantages of the partnership form of business organization, compared to corporations, include Multiple Choice Single...
The advantages of the partnership form of business organization, compared to corporations, include Multiple Choice Single taxation. Ease of raising capital. Mutual agency. Limited liability. Difficulty of formation.
Which of the following statements is CORRECT? a. Due to limited liability, unlimited lives, and ease...
Which of the following statements is CORRECT? a. Due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of U.S. businesses (in terms of number of businesses) are organized as corporations. b. Large corporations are taxed more favorably than proprietorships. c. Corporate stockholders are exposed to unlimited liability. d. Most businesses (by number and total dollar sales) are organized as proprietorships or partnerships because it is easier to set up and operate one of these forms...
Probably the major disadvantage of the standard corporation form of business is limited liability. O double taxation of dividends paid to shareholders. O limited life. O an ability to issue bonds as a form of raising funds.
Identify which of the following statements are true for the corporate form of organization. 1. Ownership rights cannot be easily transferred. 2. Owners have unlimited liability for corporate debts. 3. Capital is more easily accumulated than with most other forms of organization. 4. Corporate income that is distributed to shareholders is usually taxed twice. 5. It is a separate legal entity. 6. It has a limited life. 7. Owners are not agents of the corporation.
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