FINANCIAL ACCOUNTING: TOOLS LL W/ ACCES
FINANCIAL ACCOUNTING: TOOLS LL W/ ACCES
9th Edition
ISBN: 9781119493648
Author: Kimmel
Publisher: WILEY
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Chapter 1, Problem 2Q
To determine

Corporation

A business concern where there is a separate legal entity and are owned by shareholders are known as corporation. Transfer of ownership and raising funds are easy in this form of organization.

To identify: The Advantages and disadvantages of a business being formed as a corporation.

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