"C"
Owners of the corporations have limited liability in the market i.e. in case of losses they are liable only for the part of capital they have invested.
Complete the following sentences. Owners of have limited liability. O A. proprietorships and partnerships O B. part...
Complete the following sentences. Owners of ______ have limited liability. A. partnerships and corporations B. partnerships, proprietorships, and corporations C. proprietorships and partnerships D. corporations In ______, retained profits are taxed twice. A.partnerships, proprietorships, and corporations B.proprietorships and partnerships C.corporations D.partnerships and corporations
14. Of the following forms of business organization, which have stockholders with limited liability? proprietorships partnerships corporations limited partnerships Soo
Limited liability is an important feature of: a. corporations. b. partnerships. c. both partnerships and corporations d. sole proprietorships.
Which of the following is a difference between corporations and partnerships? a. Partnerships are subject to double taxation; corporations are not. b. With partnerships, ownership rights are divisible and easily transferable; this is not true for corporations. c. Corporate owners face limited liability; owners of partnerships do not. d. Corporations always have more owners than partnerships.
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...
1. In terms of sales, most sales come from... A. Sole Proprietorships B. Partnerships C. LLC/LLPs D. Corporations 2. Which of the following statements is true? A. An advantage to a proprietorship is limited life. B. An advantage to a proprietorship is unlimited liability. C. An advantage to a proprietorship is that there is a lot of regulatory compliance paperwork. D. An advantage to a proprietorship is that it is relatively easy to form.
How are limited liability companies (LLCs) taxed? a. They are always taxed the same as corporations. b. They are taxed either as partnerships or as corporations, at the option of the LLC. c. They are always taxed the same as general partnerships. d. They are taxed either as partnerships or sole proprietorships, at the option of the LLC.
Which of the following is a definition of limited liability? O A. Owners are not personally liable for the debts of the corporation. OB. The owners investment in the business is limited to a certain percentage. OC. Owners are personally liable for the debts of the corporation. OD. Creditors' claims can be satisfied only by the assets of the corporation and the individual owners.
Which of the following statements is incorrect? Multiple Choice ( Partnerships have unlimited liability ) O Most sole proprietors raise money by borrowing from banks. 0 An advantage of sole proprietorships is that the owner has complete control. Scorporations are considered a hybrid organization.
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.