Identify the publically traded company.

Question

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Answer 1

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 10, Problem 1SSQ

To determine

Identify the publically traded company.

Expert Solution & Answer

Answer to Problem 1SSQ

a. Facebook

Explanation of Solution

Publically traded company: Publically traded company is a company that its ownership (share capital) is held by the public. The company issues its shares to general public which are traded on the open market (on stock exchanges or over-the-counter market).

a. Facebook is a publically traded company. Hence it is the correct option.
b. Cargill is a private corporation. Hence, it is incorrect option.
c. Ernst & Young is a Limited Liability Partnership firm. Hence, it is incorrect option.
d. Koch industries’ is a private corporation. Hence, it is incorrect option.

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Answer 2

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 10, Problem 1SSQ

To determine

Identify the publically traded company.

Expert Solution & Answer

Answer to Problem 1SSQ

a. Facebook

Explanation of Solution

Publically traded company: Publically traded company is a company that its ownership (share capital) is held by the public. The company issues its shares to general public which are traded on the open market (on stock exchanges or over-the-counter market).

a. Facebook is a publically traded company. Hence it is the correct option.
b. Cargill is a private corporation. Hence, it is incorrect option.
c. Ernst & Young is a Limited Liability Partnership firm. Hence, it is incorrect option.
d. Koch industries’ is a private corporation. Hence, it is incorrect option.

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

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 10, Problem 1SSQ

To determine

Identify the publically traded company.

Expert Solution & Answer

Answer to Problem 1SSQ

a. Facebook

Explanation of Solution

Publically traded company: Publically traded company is a company that its ownership (share capital) is held by the public. The company issues its shares to general public which are traded on the open market (on stock exchanges or over-the-counter market).

a. Facebook is a publically traded company. Hence it is the correct option.
b. Cargill is a private corporation. Hence, it is incorrect option.
c. Ernst & Young is a Limited Liability Partnership firm. Hence, it is incorrect option.
d. Koch industries’ is a private corporation. Hence, it is incorrect option.

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

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 10, Problem 1SSQ

To determine

Identify the publically traded company.

Expert Solution & Answer

Answer to Problem 1SSQ

a. Facebook

Explanation of Solution

Publically traded company: Publically traded company is a company that its ownership (share capital) is held by the public. The company issues its shares to general public which are traded on the open market (on stock exchanges or over-the-counter market).

a. Facebook is a publically traded company. Hence it is the correct option.
b. Cargill is a private corporation. Hence, it is incorrect option.
c. Ernst & Young is a Limited Liability Partnership firm. Hence, it is incorrect option.
d. Koch industries’ is a private corporation. Hence, it is incorrect option.

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

Chapter 10, Problem 1SSQ

To determine

Identify the publically traded company.

Expert Solution & Answer

Answer to Problem 1SSQ

a. Facebook

Explanation of Solution

Publically traded company: Publically traded company is a company that its ownership (share capital) is held by the public. The company issues its shares to general public which are traded on the open market (on stock exchanges or over-the-counter market).

a. Facebook is a publically traded company. Hence it is the correct option.
b. Cargill is a private corporation. Hence, it is incorrect option.
c. Ernst & Young is a Limited Liability Partnership firm. Hence, it is incorrect option.
d. Koch industries’ is a private corporation. Hence, it is incorrect option.

Answer 6

Chapter 10, Problem 1SSQ

To determine

Identify the publically traded company.

Expert Solution & Answer

Answer to Problem 1SSQ

a. Facebook

Explanation of Solution

Publically traded company: Publically traded company is a company that its ownership (share capital) is held by the public. The company issues its shares to general public which are traded on the open market (on stock exchanges or over-the-counter market).

a. Facebook is a publically traded company. Hence it is the correct option.
b. Cargill is a private corporation. Hence, it is incorrect option.
c. Ernst & Young is a Limited Liability Partnership firm. Hence, it is incorrect option.
d. Koch industries’ is a private corporation. Hence, it is incorrect option.

Answer 7

Chapter 10, Problem 1SSQ

To determine

Identify the publically traded company.

Answer 8

Expert Solution & Answer

Answer to Problem 1SSQ

a. Facebook

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Publically traded company: Publically traded company is a company that its ownership (share capital) is held by the public. The company issues its shares to general public which are traded on the open market (on stock exchanges or over-the-counter market).

a. Facebook is a publically traded company. Hence it is the correct option.
b. Cargill is a private corporation. Hence, it is incorrect option.
c. Ernst & Young is a Limited Liability Partnership firm. Hence, it is incorrect option.
d. Koch industries’ is a private corporation. Hence, it is incorrect option.