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.
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Which of the following is a disadvantage of the company form of
business? Select one: a....
what choice is correct for each one? Next to the following list of eight characteristics of...
what choice is correct for each one?
Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to corporations. Characteristic Descriptions 1. Legal status 2 Mutual agency 3. Owner authority and control 4 Owner liability Entity with similar rights as individual Stockholders cannot bind corporation to contracts 5 Tax status of income 6. Transferability of ownership Shareholders elect board of directors 7. Ability to raise large capital amounts 8 Duration...
Next to the following list of eight characteristics of business organizations, select a brief description of...
Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to corporations. Descriptions High because buying stock is attractive Characteristic 1. Ability to raise large capital amounts 2. Duration of life 3. Government regulation 4. Legal status 5. Mutual agency 6. Owner authority and control 7. Owner liability 8. Tax status of income High because buying stock is attractive Indefinite More severe than partnerships and proprietorships Entity with similar rights...
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.
Question 35 (1 point) Which of the following are advantages of the corporate form of business...
Question 35 (1 point) Which of the following are advantages of the corporate form of business ownership? 1. limited liability II. double taxation III. ability to raise capital IV. unlimited firm life OI and II only O III and IV only O I, II, and III only OI, III, and IV only
Which of the following is a disadvantage of incorporation? Corporations cease to exist when an owner...
Which of the following is a disadvantage of incorporation? Corporations cease to exist when an owner passes away. A corporation cannot sell capital stock to raise money. The income of a corporation is double taxed. Owners of corporations are liable for the business’ debts.
I need some clarification. Most American businesses are this form of business sole proprietorship Limited liability...
I need some clarification.
Most American businesses are this form of business sole proprietorship Limited liability encourages investors to invest large amounts of money in this form partnership of business It is argued that this form of business contributes the most to increases in the corporation nation's output (GDP) Ownership is distributed among a small number of people. This type of business is partnership subject to unlimited liability. corporation Shareholders are the owners of this form of business. Answer Bank...
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.
Which of the following is not a characteristic of a limited liability company? a. limited legal liability b. taxable...
Which of the following is not a characteristic of a limited liability company? a. limited legal liability b. taxable c. unlimited life d. moderate ability to raise capital
1-3 2. A disadvantage to the sole proprietor form of business is a. Unlimited personal liability....
1-3
2. A disadvantage to the sole proprietor form of business is a. Unlimited personal liability. b. Dual taxation. c. Unlimited life. d. Complex management structure. 4. The purchase of inventory on credit results in a journal entry that a. Debits cash. b. Credits accounts payable C. Debits accounts receivable d. Credits cash. 3. The account that a firm would not close at the end of an accounting period is a. Service revenues. b. Cost of goods sold. c. Accumulated...
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...
what choice is correct for each one?
Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to corporations. Characteristic Descriptions 1. Legal status 2 Mutual agency 3. Owner authority and control 4 Owner liability Entity with similar rights as individual Stockholders cannot bind corporation to contracts 5 Tax status of income 6. Transferability of ownership Shareholders elect board of directors 7. Ability to raise large capital amounts 8 Duration...
Next to the following list of eight characteristics of business organizations, select a brief description of how each characteristic applies to corporations. Descriptions High because buying stock is attractive Characteristic 1. Ability to raise large capital amounts 2. Duration of life 3. Government regulation 4. Legal status 5. Mutual agency 6. Owner authority and control 7. Owner liability 8. Tax status of income High because buying stock is attractive Indefinite More severe than partnerships and proprietorships Entity with similar rights...
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.
Question 35 (1 point) Which of the following are advantages of the corporate form of business ownership? 1. limited liability II. double taxation III. ability to raise capital IV. unlimited firm life OI and II only O III and IV only O I, II, and III only OI, III, and IV only
I need some clarification.
Most American businesses are this form of business sole proprietorship Limited liability encourages investors to invest large amounts of money in this form partnership of business It is argued that this form of business contributes the most to increases in the corporation nation's output (GDP) Ownership is distributed among a small number of people. This type of business is partnership subject to unlimited liability. corporation Shareholders are the owners of this form of business. Answer Bank...
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.
Which of the following is not a characteristic of a limited liability company? a. limited legal liability b. taxable c. unlimited life d. moderate ability to raise capital
1-3
2. A disadvantage to the sole proprietor form of business is a. Unlimited personal liability. b. Dual taxation. c. Unlimited life. d. Complex management structure. 4. The purchase of inventory on credit results in a journal entry that a. Debits cash. b. Credits accounts payable C. Debits accounts receivable d. Credits cash. 3. The account that a firm would not close at the end of an accounting period is a. Service revenues. b. Cost of goods sold. c. Accumulated...
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