How are shareholders of a corporation viewed in legal terms?O None of these describe the legal relationship of the owner to the business.O The assets of the owner are not considered separate from the asset of the business.O The owner and the business are separate legal entities.O The owner and the business are not separate legal entities.

This is thus because, inside a company, the owners, or shareholders, and the corporation itself are…

Answered: How are shareholders of a corporation…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

When may a corporation sell, lease, exchange, mortgage, or pledge all or substantially all of its assets in the usual and regular course of its business? b. When may a corporation sell, lease, exchange, mortgage, or pledge all or substantially all of its assets other than in the usual and regular course of its business? c. What are the rights of a shareholder who dissents from a proposed sale or exchange of all or substantially all of the assets of a corporation other than in the usual and regular course of its business?
What is a disadvantage of the corporate form? Profit O Revenue Owners have very little influence on business decisions O Limited liability
A benefit of a sole proprietorship is that liability is limited to that of the business financial and assets not the personal assets of the owner/proprietor. true or false
Please no written by hand solutions A negotiable instrument that gives the owner a proportionate interest in a corporation regarding control, earnings, and net assets.
An individual provides accounting services to a corporation in exchange for stock. the shareholder must recognize income and the corporation may deduct or capitalize the expenditure as would be deemed appropriate. A. True B. False
Decide which of the following statements are true. I. In most circumstances, the owners of corporations enjoy reduced liability, increased liquidity and greater growth potential than owners of other forms of business. II. The term "LLC" or "Limited Liability Company", is a corporation that elects to limit liability for its shareholders through the use of off-shore and special purpose entities. II. The corporate form of business can help shield its owners from the liabilities of the corporation. Select one: O a. One is true. O b. Two are true. O C. All are true. O d. All are false.
Do you agree that a business entity (other than a sole proprietorship) should have the same First Amendment rights as individual human citizens? Why or why not?
Why do you think a single WACC is not applicable to all businesses in a corporation?
* Explan.
Write T or F. Then briefly explain. 1. Shareholders can transact business on behalf of the corporation. 2. All incorporators are shareholders but not all shareholders are incorporators.
. A prohibition in the articles of incorporation and by-laws that none of the stockholders shall engage in similar competing of antagonistic business or activity to what the corporation is primarily engaged in – is a valid and reasonable exercise of corporate authority is not a reasonable exercise of corporate powers is no in consonance with the business judgement rule is in violation of fair competition in an industry
What is one of the primary objectives of accounting for business amalgamations? A) To recognize the fair value of the acquired assets and liabilities. B) To minimize tax liabilities for the acquiring company. C) To maintain separate accounting records for the acquiring and acquired entities. D) To increase shareholder dividends in the acquiring company.

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