Which of the following show why a corporation is the most important form of business?☐ Corporations can vote in general elections.Corporations can enter into contracts.Corporations can sue and be sued.A corporation is a separate legal entity with the ability to acquire and exchange property.

Let's analyze each of the options provided:1. Corporations can vote in general elections: This is…

Answered: Which of the following show why a…

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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# 1 - Analyze, in brief, the rights of general partners. #2- How can a corporation incorporated in one state conduct interstate commerce? #3- Explain the effect of the Sarbanes-Oxley Act on corporate governance.
Which of the following is not a characteristic of a corporation? a.Corporations experience an ease in obtaining large amounts of resources by issuing stock. b.Corporations are organized as a separate legal taxable entity. c.Ownership is divided into shares of stock. d.A corporation's resources are limited to its individual owners' resources.
Read Section 13611. What are the 4 requirements?2. What Form is used to elect S Corporation?
Why do you think a single WACC is not applicable to all businesses in a corporation?
If the assets of a corporation are not sufficient to satisfy the claims of its creditors, the creditors can make claims against the personal assets of the owners. True or False The owners of a corporation are personally responsible for the debts of the corporation. True or False
What would be the advantages of having companies formed at the federal level? Do you think these advantages outweigh the advantages of having entities formed at the state level?
Which of the following is most accurate regarding the formation of a US corporation? O Corporations are formed under the laws of a particular state. Corporations are formed under Federal law only. Corporations are formed without state or Federal action but are formed by contractual arrangement by the shareholders. Corporations are formed under Delaware law only by US Constitutional authority. O
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
Which of the following statements is true? A. the organizational form that is the easies to raise capital is the corporation B. corporations make up the largest proportion of businesses in the U.S C. sole proprietorships are protected by limited liability D. owners of corporations are not protected by limited liability
true or false? check pic
What is an important reason business owners choose the election for s corporation status.
Why are corporations more difficult to form and subject to more government restrictions than the other forms of business organizations?

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Which of the following show why a corporation is the most important form of business? ☐ Corporations can vote in general elections. Corporations can enter into contracts. Corporations can sue and be sued. A corporation is a separate legal entity with the ability to acquire and exchange property.