Exercise 11-1 (Algo) Characteristics of corporations LO C1 Match each corporate characteristic 1 through 8 with the description that best relates to it. Characteristic 1. Tax status of income 2. Transferability of ownership 3. Ease of formation 4. Ability to raise large capital amounts 5. Government regulation 6. Duration of life 7. Mutual agency 8. Legal status Descriptions

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Exercise 11-1 (Algo) Characteristics of corporations LO C1
Match each corporate characteristic 1 through 8 with the description that best relates to it.
Characteristic
1. Tax status of income
2. Transferability of ownership
3. Ease of formation
4. Ability to raise large capital amounts
5. Government regulation
6. Duration of life.
7. Mutual agency
8. Legal status
Descriptions
Transcribed Image Text:Exercise 11-1 (Algo) Characteristics of corporations LO C1 Match each corporate characteristic 1 through 8 with the description that best relates to it. Characteristic 1. Tax status of income 2. Transferability of ownership 3. Ease of formation 4. Ability to raise large capital amounts 5. Government regulation 6. Duration of life. 7. Mutual agency 8. Legal status Descriptions
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