Solve this question with steps please. The subject is Financial management Which of the following is not correct about sole proprietorship?O a. Difficult to sell ownership interest.O b. Limited LiabilityO c. Least regulatedO d. Easiest to start

There are different form of doing business doing alone ,doing with partners or doing with large…

Answered: Which of the following is not correct…

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter4: Additional Income And The Qualified Business Income Deduction

Section: Chapter Questions

Problem 19MCQ

See similar textbooks

Similar questions

Which type of business has ownership interests that cannot be transferred to other parties without some restrictions? O a. Both Corporate and limited liability company O b. None of the options O. Corporate business O d. Limited liability company
The sole proprietorship is the form of ownership with the least ability to accumulate capital. * False O True
Explain the indirect ownership interests and who has the indirect interests? Describe the situation that end up with the indirect ownership interests. please maintain plagiarism
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
Which type of business organisation has a separated legal entity from its owners, and the owners are not liable for the debt of the business? Select one: A. Limited company B. Company C. Partnership D. Sole proprietorship
which of the which of the following statements always apply to corporations a. unlimited liability b. limited life c. ownership can be transferred without affecting operations e. managers can be fired with no effect on ownership
Which of the following is false regarding a sole proprietorship? The owner has unlimited personal liability for the firm's debts It is difficult to transfer ownership It is somewhat complex to form and operate Its life is limited to the life of its owner
Identify the business entity form that does not provide limited liability for its owners. a. limited liability company b. Subchapter S corporation c. sole proprietorship d. limited partnership
2
Which of the following statements is true when assessing whether potential voting rights contribute to control? Even when potential voting rights are not exercisable or convertible until a future date or until the occurrence of a future event, they are still considered in making that assessment. The proportions of profit or loss and changes in equity allocated to the parent and non-controlling interests are determined on the basis of present ownership, and should reflect any exercise or conversion of potential voting rights. Where potential voting rights are currently exercisable or convertible, they are considered when assessing whether an entity has the power to govern another entity's financial and operating policies. In assessing whether potential voting rights contribute to control, all of the facts and circumstances that affect those rights should be considered including the intention of management and the financial ability to exercise or convert such rights.
Hi, may i know more clearer explanation to calculate the gain or loss on the disposal of the share between parent and subsidiaries ? plagiarism is not allowed.
What is a noncontrolling interest? Select one: A. A component of debt representing amounts owed to a subset of investors B. Amounts distributed to investors that own less than a controlling interest C. The portion of a subsidiary’s net assets not owned by the parent-company D. An amount equal to investor contributions less dividends distributed

SEE MORE QUESTIONS

Recommended textbooks for you

Income Tax Fundamentals 2020

Accounting

ISBN:

9780357391129

Author:

WHITTENBURG

Publisher:

Cengage

SWFT Corp Partner Estates Trusts

Accounting

ISBN:

9780357161548

Author:

Raabe

Publisher:

Cengage

CONCEPTS IN FED.TAX., 2020-W/ACCESS

Accounting

ISBN:

9780357110362

Author:

Murphy

Publisher:

CENGAGE L

Income Tax Fundamentals 2020

Accounting

ISBN:

9780357391129

Author:

WHITTENBURG

Publisher:

Cengage

SWFT Corp Partner Estates Trusts

Accounting

ISBN:

9780357161548

Author:

Raabe

Publisher:

Cengage

CONCEPTS IN FED.TAX., 2020-W/ACCESS

Accounting

ISBN:

9780357110362

Author:

Murphy

Publisher:

CENGAGE L

SWFT Essntl Tax Individ/Bus Entities 2020

Accounting

ISBN:

9780357391266

Author:

Nellen

Publisher:

Cengage

SWFT Comprehensive Vol 2020

Accounting

ISBN:

9780357391723

Author:

Maloney

Publisher:

Cengage

SWFT Comprehensive Volume 2019

Accounting

ISBN:

9780357233306

Author:

Maloney

Publisher:

Cengage

SEE MORE TEXTBOOKS