1. Which of the following is not a major advantage of acorporation?
a) separate legal status
b) continuous life
c) government regulations
d) transferable ownership status
2.) A major disadvantage of a coporation is:
a) limited liability of stockholders
b) additional taxes
c) transferable ownship rights
d) none of the above
3.Which of the following statements is false:
a) Ownership of common stock gives the owner a voting right.
b) the SHE section begins with paid-in-capital.
c) The authorization of capital stock does not result in aJE.
d) Legal capital is intended to protect stockholders.
1. Which of the following is not a major advantage of acorporation?
a) separate legal status
b) continuous life
c) government regulations
d) transferable ownership status
2.) A major disadvantage of a coporation is:
a) limited liability of stockholders
b) additional taxes
c) transferable ownship rights
d) none of the above
3.Which of the following statements is false:
a) Ownership of common stock gives the owner a voting right.
b) the SHE section begins with paid-in-capital.
c) The authorization of capital stock does not result in aJE.
d) Legal capital is intended to protect stockholders.
Related questions
Match the items below by entering the appropriate answer letter choice from the column provided on the right.
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1.If a stock is sold on the secondary market between one investor and another, what effect does that have on the financial statements of the company that originally issued the stock?
| Its revenues increase | ||
| Its "in excess" equity increases | ||
| It has a new asset | ||
| There is no effect since the sale or trade is among investors only |
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2.
QUESTION 10
Which of the following is an advantage of the corporate form of business organization?
| double taxation | ||||||||||||||||||||||||||||||||||||||
| amount of regulation | ||||||||||||||||||||||||||||||||||||||
| limited liability | ||||||||||||||||||||||||||||||||||||||
| entrenched management 3. Ownership and profit distribution in a sole proprietorship are generally seen on its balance sheet respectively as
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