A company can be created in one of three ways. which one of the following is NOT a valid method of creating a company? a. A company can be created by an Act of Parliament b. A company can be created by registration c. A company can be created by the decision of the High Court d. A company can be created by royal charter
Q: Which of the following is not an objective of administration? A. To rescue a company in…
A: In an organization, administration refers to the process of managing the business operations that…
Q: 115) The owners of a publicly traded company are: a) Members of the board of directors b) Bond…
A: A corporation that has listed itself on at least one public stock exchange and offered securities to…
Q: Bring out the need and importance of Social Accounting from the given options; (1) Only commercial…
A: The need and importance of Social Accounting are outlined in the provided options. Let's analyze…
Q: Before filing a petition for bankruptcy an individual with consumer debt must complete a credit…
A: Bankruptcy can be used as a last resort for individuals and firms to repay their debts or sometimes…
Q: Bankruptcy relief is provided under: a. Federal law b. State law c. Common law d. Local law
A: In general terms, bankruptcy refers to a scenario whereby an individual or an entity is not able to…
Q: Shareholders have the right to vote on CEO pay, but corporations are not legally required to adjust…
A: True. Shareholders do have the right to vote on CEO pay, often through a process known as 'say on…
Q: Besides a corporation setting (listed and non-listed), identify a situation, an arrangement, or an…
A: When officials have incentives to operate in their own interests rather than as agents for the…
Q: corporation is obligated to pay dividends to its shareholders the same way it has to make gular debt…
A: In the realm of corporate finance, the relationship between corporations, their shareholders, and…
Q: The agency problems may appear in THE FOLLOWING instances except: a. Efficient markets for corporate…
A: Agency problem is defined as a conflict of interest between two parties. It occurs when one party…
Q: A statement which is a very short expression consisting of a few words which summarizes what the…
A: Management is a dynamic and essential discipline that plays a crucial role in the success and…
Q: The power to merge or consolidate companies is controlled by: local ordinances. X administrative…
A: Introduction Through a merger, two distinct companies become one new legal entity. As it's uncommon…
Q: SLO-2.3. Which of the following is an advantage of a sole proprietorship? OThe owner has unlimited…
A: A business organization is a legal entity incorporated for carrying out commercial activities. These…
Q: A disadvantage of corporations is that it is time-consuming and difficult to change ownership. True…
A: A corporation is a type of business entity which is legal and separated from its owners. The owners…
Q: Of the following acts, which is an unfair method of competition, or an unfair or deceptive act or…
A: Using the premium fund trust account with an intent to indicate a goal of production is unfair…
Q: You have incorporated a business which a pack of Tommies now seeks to take over. You oppose this and…
A: IN THE ABOVE CASE,THE TOMMIES SEEKS TO TAKE OVER BUSINESS WHICH IS ALREADY AT THE PEAK STAGE
Q: Businesses and people may keep essential assets during a liquidation petition. True O False
A: Liquidation is a process in which assets of the organization are sold to other businesses and people…
Q: Securities sold by companies in an IPO are shares in companies that were already public but are…
A: The answer is False. In an IPO the share were not public and would be issued now.
Q: The due diligence process aims at establishing and verifying:I. The identity of the beneficial…
A: The correct answer is b. I, II, III, and IV.The due diligence process in verifying identities and…
Q: How fill Form 1120 Corporations with this info: (it's a fake company) For learning purposes only…
A: About: Form 1120 for corporations: Form 1120 is a United States Internal Revenue Service Tax Form…
Q: Define 5 procedures an auditor should perform to collect relevant information for his or her…
A: In the dynamic field of auditing, a critical aspect of ensuring audit quality and mitigating risks…
Q: Josue is part of a business entity in which the parties are protected against personal liability for…
A: The question is asking to identify the type of business entity that Josue is part of, where the…
Q: Investors may receive an economic benefit from the ownership of stock by receiving A.…
A: Before we answer the question, let's understand the terms involved:Interest is the charge for the…
Q: 24. what is an example of controlled business a. Insurance contracts covering an agent's family…
A: Controlled business in the insurance industry refers to policies that an insurance agent writes for…
Q: What are the steps an accountant might go through in making the decision of whether and how to be a…
A: Whistleblowing means calling attention to wrongdoing that is occurring within an organization.…
Q: Look into the situation where a company that is bankrupt reports fake revenue. What effect these…
A: When a bankrupt company engages in the unethical practice of reporting fake revenue, it triggers a…
Q: An insured's house is destroyed by fire and due to local by-laws, has to be rebuilt with more…
A: Note: “Since you have posted multiple questions, we will provide the solution only to the first…
Subject : Accounting
A company can be created in one of three ways. which one of the following is NOT a valid method of creating a company?
Step by step
Solved in 4 steps
- Zoey is the CEO of a corporation she organized herself, and the corporation has 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation. Subchapter S Closely-held ProfessionalH1. AccountExplain the difference between being licensed and being registered. Being licensed means finding a sponsoring broker; being registered means passing the state exam. Being licensed means passing the state licensure exam; being registered means registering your information with the DBPS and showing up as "active" on their website. Being licensed means completing your pre- licensing education; being registered means passing the state exam. Being licensed means passing the state exam and signing up with a broker; being registered means completing your post-licensing education
- Corporate foundations make up 90% of the foundation subsector. A. True B. FalseJanice's Juices, LLC is a single-member LLC that was created and began business on January 1, 2022. Due to an oversight, no S election (or other entity classification election) was made by the regular deadline to make an election for 2022. Assuming the business otherwise qualifies to request late S corporation election relief, it must file Form 2553 by which date?Limited liability companies are primarily designed to: A. allow a portion of their owners to enjoy limited liability while granting the other portion of their owners control over the entity. B. provide the benefits of the corporate structure only to foreign-based entities. C. spin off a wholly owned subsidiary. D. allow companies to reorganize themselves through the bankruptcy process. E. provide limited liability while avoiding double taxation.
- How should CPA's evaluate risks to integrity and objectivity when considering providing gifts to audit clients and/or client management or accepting risks from them?Can you please help me answer this?A few years ago, Gregory Maugeri, VP-sales administration and operations of Time Warner City Cable (TWCC) in New York, decided that New York's Time Warner City Cable should gather client testimonials. He decided to solicit ____ from the company's best customers. From the information gathered, TWCC learned that it needed to modify its invoice form and that the sales staff needed to engage in more follow up. A. constructive feedback B. participative feedback C. motivational feedback D. solicited feedback E. empathetic feedback
- 1. Exempt from the registration requirement of the Securities Act of 1933 are offerings of securities a. made to a small number of knowledgeable investors. b. issued by for-profit organizations. c. involving a large dollar amount. d. only for large organizations that are for-profit. 2. Global Investments is a foreign investor. With respect to the operations of a limited liability company in the United States, Global can a.not become a member but can participate. b. become a member and participate.c. not become a member or participate. d. Become a member but cannot otherwise participate. 3. Quorum requirements include _________ a. number of decision-makers that must be present before business can be conducted. b. how often decision-makers must meet each year. c. maximum number of shareholders allowed in for-profit companies. d. all other answer choices 4. Fiduciary duties of the directors and officers include a.duty of care b. duty of loyalty c.…Foundations can fund political campaigns. A. True B. FalseThe primary requirement of a Type A reorganization under IRC 368 is: a. A statutory merger or consolidation b. 100% of consideration consistis of equity c. 100% of consideration consistis of cash d. No continuity of the business enterprise