The form of business organization that limits the liability of amount that is invested in business.

Question

Want to see more full solutions like this?

Answer 1

Question

100%

Chapter 1, Problem 1QC

To determine

The form of business organization that limits the liability of amount that is invested in business.

Expert Solution & Answer

Answer to Problem 1QC

Option c is the correct answer.

Explanation of Solution

Corporation:

Corporation is the form of organization that has legal existence that is owned and controlled as a single organization which is Separate from its owners.

Corporation is the form of business that is characterized by limited liability. The liability of the firm and its owners are limited and they are obliged to pay only the amount of liability that equalizes the resources of the firm, unless personal-guaranties are given by the owners of the firm.

Thus, according to the above explanation Option c is the correct answer and the other options a, b and d are incorrect.

Conclusion

Therefore, Option C is the correct answer.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Please provide the correct answer to this general accounting problem using accurate calculations.

General accounting question

I need help with this general accounting question using standard accounting techniques.

Answer 2

Question

100%

Chapter 1, Problem 1QC

To determine

The form of business organization that limits the liability of amount that is invested in business.

Expert Solution & Answer

Answer to Problem 1QC

Option c is the correct answer.

Explanation of Solution

Corporation:

Corporation is the form of organization that has legal existence that is owned and controlled as a single organization which is Separate from its owners.

Corporation is the form of business that is characterized by limited liability. The liability of the firm and its owners are limited and they are obliged to pay only the amount of liability that equalizes the resources of the firm, unless personal-guaranties are given by the owners of the firm.

Thus, according to the above explanation Option c is the correct answer and the other options a, b and d are incorrect.

Conclusion

Therefore, Option C is the correct answer.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

100%

Chapter 1, Problem 1QC

To determine

The form of business organization that limits the liability of amount that is invested in business.

Expert Solution & Answer

Answer to Problem 1QC

Option c is the correct answer.

Explanation of Solution

Corporation:

Corporation is the form of organization that has legal existence that is owned and controlled as a single organization which is Separate from its owners.

Corporation is the form of business that is characterized by limited liability. The liability of the firm and its owners are limited and they are obliged to pay only the amount of liability that equalizes the resources of the firm, unless personal-guaranties are given by the owners of the firm.

Thus, according to the above explanation Option c is the correct answer and the other options a, b and d are incorrect.

Conclusion

Therefore, Option C is the correct answer.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

100%

Chapter 1, Problem 1QC

To determine

The form of business organization that limits the liability of amount that is invested in business.

Expert Solution & Answer

Answer to Problem 1QC

Option c is the correct answer.

Explanation of Solution

Corporation:

Corporation is the form of organization that has legal existence that is owned and controlled as a single organization which is Separate from its owners.

Corporation is the form of business that is characterized by limited liability. The liability of the firm and its owners are limited and they are obliged to pay only the amount of liability that equalizes the resources of the firm, unless personal-guaranties are given by the owners of the firm.

Thus, according to the above explanation Option c is the correct answer and the other options a, b and d are incorrect.

Conclusion

Therefore, Option C is the correct answer.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Question

100%

Answer 6

Question

100%

Answer 7

Chapter 1, Problem 1QC

To determine

The form of business organization that limits the liability of amount that is invested in business.

Expert Solution & Answer

Answer to Problem 1QC

Option c is the correct answer.

Explanation of Solution

Corporation:

Corporation is the form of organization that has legal existence that is owned and controlled as a single organization which is Separate from its owners.

Corporation is the form of business that is characterized by limited liability. The liability of the firm and its owners are limited and they are obliged to pay only the amount of liability that equalizes the resources of the firm, unless personal-guaranties are given by the owners of the firm.

Thus, according to the above explanation Option c is the correct answer and the other options a, b and d are incorrect.

Conclusion

Therefore, Option C is the correct answer.

Answer 8

Chapter 1, Problem 1QC

To determine

The form of business organization that limits the liability of amount that is invested in business.

Expert Solution & Answer

Answer to Problem 1QC

Option c is the correct answer.

Explanation of Solution

Corporation:

Corporation is the form of organization that has legal existence that is owned and controlled as a single organization which is Separate from its owners.

Corporation is the form of business that is characterized by limited liability. The liability of the firm and its owners are limited and they are obliged to pay only the amount of liability that equalizes the resources of the firm, unless personal-guaranties are given by the owners of the firm.

Thus, according to the above explanation Option c is the correct answer and the other options a, b and d are incorrect.

Conclusion

Therefore, Option C is the correct answer.

Answer 9

Chapter 1, Problem 1QC

To determine

The form of business organization that limits the liability of amount that is invested in business.

Answer 10

Expert Solution & Answer

Answer to Problem 1QC

Option c is the correct answer.

Answer 11

Expert Solution & Answer

Answer 12

Expert Solution & Answer

Answer 13

Explanation of Solution

Corporation:

Corporation is the form of organization that has legal existence that is owned and controlled as a single organization which is Separate from its owners.

Corporation is the form of business that is characterized by limited liability. The liability of the firm and its owners are limited and they are obliged to pay only the amount of liability that equalizes the resources of the firm, unless personal-guaranties are given by the owners of the firm.

Thus, according to the above explanation Option c is the correct answer and the other options a, b and d are incorrect.