Question 30(Chapter 29)A public corporation is the same thing as a publicly held corporation.A TrueB) FalseQuestion 31(Chapter 29)An S Corporation must have no more than fifty shareholders..(A) TrueB False

A corporation is a legal entity that is separate and distinct from its owners, known as…

Answered: Question 30 (Chapter 29) A public…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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8. Which statement is true? Group of answer choices a. Preferred stock is similar to corporate bonds because the corporation usually pays the holders of the securities a fixed amount. b. Preferred stockholders have priority over bondholders when it comes to the payment of c. Preferred stock is similar to corporate bonds because dividends on preferred stock, like interest on bonds, are a tax-deductible expense to the corporation. d. Preferred stockholders are considered to be the true owners of corporations.
T2. stock holders are not liable for a corporation's actions or debt true or false
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A director must be a shareholder in a corporation. True or False True False
Which of the following is an advantage of ownership of a corporation over that of a sole proprietorship? I. The owners of the corporation have unlimited liability for the firm's debts II.It is the simplest to start III. The corporation has an unlimited life. IV. Dividends recieved by the corporation's shareholders are tax-exempt a. I only b. II only c. III only d. II and III only e. II and IV only
Why would a corporation purchase the stock of another corporation? a. To prevent double taxation of its shareholders b. Because dividends received by a corporation are partially tax-exempt c. It is equivalent to a tax carried forward d. It is equivalent to a tax carried back
In general, a liquidating corporation recognizes both gains and losses. Question 14 options: True False
TRUE OR FALSE. IF FALSE WHY. Shareholders elect the board of directors which appoints the management of a corporation.
The main disadvantages of a Corporation as a form of business organization include double taxation and unlimited liability of its shareholders. Question 5Select one: True False
True or False: An S Corporation will not be treated as having more than one class of stock solely because of differences in voting rights (i.e. both voting and non-voting common stock).
B1.

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Question 30 (Chapter 29) A public corporation is the same thing as a publicly held corporation. A) True (B) False Question 31 (Chapter 29) An S Corporation must have no more than fifty shareholders. A True B False