The most popular method for a new business to legally organize is the use of a...
The most popular method for a new business to legally organize is the use of a corporation. True False
Homework Answers
Answer:True.
Corporation offers many Advantages over Partnerships and Sole Proprietorships.Incorporation is advisable to avoid personal liability.Shareholders are not liable for corporate debts.Corporations have continuous life.Raising money is easier.Transfering ownership rights is easier.
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The most popular method for a new business to legally organize
is the use of a...
True or false Given 2 possible legal ways of doing a business transaction, one is legally obligated to do the deal in th...
True or false Given 2 possible legal ways of doing a business transaction, one is legally obligated to do the deal in the way that results in the higher income tax
For cash dividends, a corporation becomes legally liable for the distribution of dividend payments to shareholders...
For cash dividends, a corporation becomes legally liable for the distribution of dividend payments to shareholders on the date of declaration A. true B. false
5. The most dominant form of business organization is the a legal entity formed by selling...
5. The most dominant form of business organization is the a legal entity formed by selling shares of stock to investors who then become shareholders and the of the company. 6. ( True False) A corporation and its shareholders can be sued and can be held liable for the corporations debts. 7. (True False) A joint venture is a relationship created between two or more persons or corporations for a specific undertaking. 8. A business trust is a business organization...
5. The most dominant form of business organization is the a legal entity formed by selling...
5. The most dominant form of business organization is the a legal entity formed by selling shares of stock to investors who then become shareholders and the of the company. 6. ( True False) A corporation and its shareholders can be sued and can be held liable for the corporations debts. 7. (True False) A joint venture is a relationship created between two or more persons or corporations for a specific undertaking. 8. A business trust is a business organization...
Mary Wu, the proprietor of Quality Environmental Services, is wondering how she should organize her new...
Mary Wu, the proprietor of Quality Environmental Services, is wondering how she should organize her new business. Answer the following questions about the different ways in which Mary might organize the business. Explain answer a. What form of organization will enable Mary to limit her risk of loss to the amount she has invested in the business? b. What form of business organization will give Mary the most freedom to manage the business as she wishes? C. What form of...
In a short paragraph explain why limited liability companies have become the most popular business entity...
In a short paragraph explain why limited liability companies have become the most popular business entity within the United States.
13) A taxpayer may use a cash basis for one business and an accrual basis for...
13) A taxpayer may use a cash basis for one business and an accrual basis for another business. True or False 14) For a cash method taxpayer, expenses paid with borrowed funds are deductible in the year in which the loan is repaid. True or False 15) In general, a CPA on the cash basis method will never have a bad debt deduction. True or False 16) A cash-basis taxpayer may deduct prepaid business expenses currently regardless of the period...
The "Relativism Approach" to international business states that the only guide for business conduct abroad is...
The "Relativism Approach" to international business states that the only guide for business conduct abroad is what is legally and morally accepted in the host country where a company operates. True False
John, age 35, buys a car from Marty, age 16. John can legally enforce the contract...
John, age 35, buys a car from Marty, age 16. John can legally enforce the contract but Marty cannot True False Question 10 (5 points) Tom and Ray, both adults, agree verbally that Tom will buy Ray's car for $2.000. Both Tom and Ray know that Tom stole the car. Ray can legally enforce this contract. True False Question 11 (5 points) John makes a fist and swings it next to Mary's head pretending to strike her. Mary faints. Mary...
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Question 3 Which of these is a popular method of testing situations and learning new tasks in the cyber field? Virtualized operating systems Using a cyber range Cloud based learning Instructor led training
5. The most dominant form of business organization is the a legal entity formed by selling shares of stock to investors who then become shareholders and the of the company. 6. ( True False) A corporation and its shareholders can be sued and can be held liable for the corporations debts. 7. (True False) A joint venture is a relationship created between two or more persons or corporations for a specific undertaking. 8. A business trust is a business organization...
5. The most dominant form of business organization is the a legal entity formed by selling shares of stock to investors who then become shareholders and the of the company. 6. ( True False) A corporation and its shareholders can be sued and can be held liable for the corporations debts. 7. (True False) A joint venture is a relationship created between two or more persons or corporations for a specific undertaking. 8. A business trust is a business organization...
Mary Wu, the proprietor of Quality Environmental Services, is wondering how she should organize her new business. Answer the following questions about the different ways in which Mary might organize the business. Explain answer a. What form of organization will enable Mary to limit her risk of loss to the amount she has invested in the business? b. What form of business organization will give Mary the most freedom to manage the business as she wishes? C. What form of...
The "Relativism Approach" to international business states that the only guide for business conduct abroad is what is legally and morally accepted in the host country where a company operates. True False
John, age 35, buys a car from Marty, age 16. John can legally enforce the contract but Marty cannot True False Question 10 (5 points) Tom and Ray, both adults, agree verbally that Tom will buy Ray's car for $2.000. Both Tom and Ray know that Tom stole the car. Ray can legally enforce this contract. True False Question 11 (5 points) John makes a fist and swings it next to Mary's head pretending to strike her. Mary faints. Mary...
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