Homework Answers
Add Answer to:
ion 31 Hon 31 Which of the following statements is true of a corporation? A Corporations...
Which of the following statements describes the corporate characteristic termed limited liability? Your answer: O The...
Which of the following statements describes the corporate characteristic termed limited liability? Your answer: O The liabilities of the corporation cannot be extended to the personal assets of the shareholder. Shares of stock can be readily bought and sold by investors on the open market. O Shareholders are not authorized to sign contracts or make business commitments on behalf of the corporation Corporations pay income tax on corporate earnings, and shareholders pay personal income tax on corporate dividends and gains...
A corporation could be subject to additional tax if which of the following are true, mark...
A corporation could be subject to additional tax if which of the following are true, mark all that apply. a. Personal holding company tax for being a corporation with few owners and more than 50% of the corporation Income is investment type income. Excessive earnings are retained in the corporation and not appropriately distributed to shareholders. b. c. Alternative minimum tax to ensure corporations pay their fair share. Net investment tax for large corporations. d. e. Corporations are only assessed...
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...
C corporations are not pass through entities like S corporations or LLC's. C corporations are subject...
C corporations are not pass through entities like S corporations or LLC's. C corporations are subject to the double taxation concept on corporate earnings. This is where corporate earnings are taxed at both the entity level and a second time when the earnings are distributed to shareholders in the form of dividends. Let's discuss this double taxation for a moment and put some numbers to it. Let's say that a C corporation has $1,000,000 in taxable income. Under the new...
Andrea has prepared the following list of statements about corporations. Identify each statement as true or false.
Exercise 13-01 Andrea has prepared the following list of statements about corporations. Identify each statement as true or false. 1. A corporation is an entity separate and distinct from its owners. 2. As a legal entity, a corporation has most of the rights and privileges of a person. 3. Most of the largest U.S. corporations are privately held corporations. Corporations may buy, own, and sell property; borrow money: enter Into legally binding contracts; and sue and be sued. 5. The net income of a corporation is not...
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...
please answer the following multiple choice Which of the following is the amount the borrower must...
please answer the following multiple choice
Which of the following is the amount the borrower must pay back to the bondholders? 7 A) Market value B) Present value C) Stated interest value D) Principal amount 8. Which of the following describes the term maturity date? A) The date on which each interest payment is made B) The date on which the bond is issued C) The date on which the principal amount is repaid to the bondholder D) The date...
True or False?-Corporations 1 Shareholders' equity for a corporation consists of contributedcapital and retained earnings. 1...
True or False?-Corporations 1 Shareholders' equity for a corporation consists of contributedcapital and retained earnings. 1 2 - The owner of a corporation is called a director. 3 - The payment of business profits to the owners of a corporate business'is known as drawings. I 4 A dividend is a distribution of retained earnings. I 5 6 7 8 The shareholders provide all of the financing for a corporation +One of the advantages of investing in preferred shares is that...
Business law Chapter 38 - Corporations: Formation and Financing Fill in each blank with the exact...
Business law Chapter 38 - Corporations: Formation and Financing Fill in each blank with the exact legal term. 1. Corporations are separate or legal persons, existing separately from their shareholders. 2. Corporations have certain rights under the and Amendments, which state that government cannot deprive any "person" of life, liberty, or property without due process. 3. Corporations can distribute income to shareholders in the form of although they do not receive tax deductions for doing so. 4. (True/False) Since a...
Which of the following statements describes the corporate characteristic termed limited liability? Your answer: O The liabilities of the corporation cannot be extended to the personal assets of the shareholder. Shares of stock can be readily bought and sold by investors on the open market. O Shareholders are not authorized to sign contracts or make business commitments on behalf of the corporation Corporations pay income tax on corporate earnings, and shareholders pay personal income tax on corporate dividends and gains...
A corporation could be subject to additional tax if which of the following are true, mark all that apply. a. Personal holding company tax for being a corporation with few owners and more than 50% of the corporation Income is investment type income. Excessive earnings are retained in the corporation and not appropriately distributed to shareholders. b. c. Alternative minimum tax to ensure corporations pay their fair share. Net investment tax for large corporations. d. e. Corporations are only assessed...
please answer the following multiple choice
Which of the following is the amount the borrower must pay back to the bondholders? 7 A) Market value B) Present value C) Stated interest value D) Principal amount 8. Which of the following describes the term maturity date? A) The date on which each interest payment is made B) The date on which the bond is issued C) The date on which the principal amount is repaid to the bondholder D) The date...
True or False?-Corporations 1 Shareholders' equity for a corporation consists of contributedcapital and retained earnings. 1 2 - The owner of a corporation is called a director. 3 - The payment of business profits to the owners of a corporate business'is known as drawings. I 4 A dividend is a distribution of retained earnings. I 5 6 7 8 The shareholders provide all of the financing for a corporation +One of the advantages of investing in preferred shares is that...
Business law Chapter 38 - Corporations: Formation and Financing Fill in each blank with the exact legal term. 1. Corporations are separate or legal persons, existing separately from their shareholders. 2. Corporations have certain rights under the and Amendments, which state that government cannot deprive any "person" of life, liberty, or property without due process. 3. Corporations can distribute income to shareholders in the form of although they do not receive tax deductions for doing so. 4. (True/False) Since a...
Most questions answered within 3 hours.
-
What mechanisms Drive speciation??
(I.e. what was Dawins theory on the orgin of species, and how...
asked 58 minutes ago -
The manager at a car assembly plant believes that the mean
assembly time for a car...
asked 1 hour ago -
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 3 hours ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 3 hours ago -
The highly pathogenic bacterium Clostridium
perfringens causes gangrene, a disease that results in the
destruction of...
asked 5 hours ago -
In the context of situation analysis, which of the following is
a category for analysis in...
asked 5 hours ago -
In a study of the gas phase decomposition of sulfuryl chloride
at 600 K SO2Cl2(g)SO2(g) +...
asked 5 hours ago -
75 g of 2-propanol (C3H8O) and 25 g of pentane are mixed in a
200 mL...
asked 5 hours ago -
The 2800-turn coil in a dc motor has an area per turn of 1.1 ×
10-2...
asked 6 hours ago -
Draw a combinational logic circuit diagram with a symbol inside
the box for two I/P of...
asked 6 hours ago -
The cliché we use quite a lot in finance is: there is a need to
maximize...
asked 6 hours ago -
In class we discussed the addition of HCl to alpha pinene. Would
you expect one or...
asked 6 hours ago