Corporation: It is the form of business organization in which business has its own separate legal entity. It gives the owner of the business the advantage to has limited liability. Requires government approval : It means that the work done by someone requires government approval before it is done. Corporate income is taxed : It means the income earned by the corporation is taxed. Separate Legal Entity : It means that the corporation and the owner of corporation are different persons in the eyes of law. Readily Transferred: It means that one thing can be transferred from one place to another easily such as, ownership of the company. One Vote per Share : It means that one person who has one share will count as one vote in a particular meeting. High ability : It means that something has high possibility like in corporations; high amount of capital can be raised. Unlimited : It means that something has no limit to it extent like life of a corporation. Limited: It means that it is available in limited extent or its extent is limited. To identify: The suitable description for given characteristics of corporate.

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Answer 1

Question

Chapter 11, Problem 1E

To determine

Corporation:

It is the form of business organization in which business has its own separate legal entity. It gives the owner of the business the advantage to has limited liability.

Requires government approval:

It means that the work done by someone requires government approval before it is done.

Corporate income is taxed:

It means the income earned by the corporation is taxed.

Separate Legal Entity:

It means that the corporation and the owner of corporation are different persons in the eyes of law.

Readily Transferred:

It means that one thing can be transferred from one place to another easily such as, ownership of the company.

One Vote per Share:

It means that one person who has one share will count as one vote in a particular meeting.

High ability:

It means that something has high possibility like in corporations; high amount of capital can be raised.

Unlimited:

It means that something has no limit to it extent like life of a corporation.

Limited:

It means that it is available in limited extent or its extent is limited.

To identify: The suitable description for given characteristics of corporate.

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Answer 2

Question

Chapter 11, Problem 1E

To determine

Corporation:

It is the form of business organization in which business has its own separate legal entity. It gives the owner of the business the advantage to has limited liability.

Requires government approval:

It means that the work done by someone requires government approval before it is done.

Corporate income is taxed:

It means the income earned by the corporation is taxed.

Separate Legal Entity:

It means that the corporation and the owner of corporation are different persons in the eyes of law.

Readily Transferred:

It means that one thing can be transferred from one place to another easily such as, ownership of the company.

One Vote per Share:

It means that one person who has one share will count as one vote in a particular meeting.

High ability:

It means that something has high possibility like in corporations; high amount of capital can be raised.

Unlimited:

It means that something has no limit to it extent like life of a corporation.

Limited:

It means that it is available in limited extent or its extent is limited.

To identify: The suitable description for given characteristics of corporate.

Expert Solution & Answer

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Answer 3

Question

Chapter 11, Problem 1E

To determine

Corporation:

It is the form of business organization in which business has its own separate legal entity. It gives the owner of the business the advantage to has limited liability.

Requires government approval:

It means that the work done by someone requires government approval before it is done.

Corporate income is taxed:

It means the income earned by the corporation is taxed.

Separate Legal Entity:

It means that the corporation and the owner of corporation are different persons in the eyes of law.

Readily Transferred:

It means that one thing can be transferred from one place to another easily such as, ownership of the company.

One Vote per Share:

It means that one person who has one share will count as one vote in a particular meeting.

High ability:

It means that something has high possibility like in corporations; high amount of capital can be raised.

Unlimited:

It means that something has no limit to it extent like life of a corporation.

Limited:

It means that it is available in limited extent or its extent is limited.

To identify: The suitable description for given characteristics of corporate.

Expert Solution & Answer

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Answer 4

Question

Chapter 11, Problem 1E

To determine

Corporation:

It is the form of business organization in which business has its own separate legal entity. It gives the owner of the business the advantage to has limited liability.

Requires government approval:

It means that the work done by someone requires government approval before it is done.

Corporate income is taxed:

It means the income earned by the corporation is taxed.

Separate Legal Entity:

It means that the corporation and the owner of corporation are different persons in the eyes of law.

Readily Transferred:

It means that one thing can be transferred from one place to another easily such as, ownership of the company.

One Vote per Share:

It means that one person who has one share will count as one vote in a particular meeting.

High ability:

It means that something has high possibility like in corporations; high amount of capital can be raised.

Unlimited:

It means that something has no limit to it extent like life of a corporation.

Limited:

It means that it is available in limited extent or its extent is limited.

To identify: The suitable description for given characteristics of corporate.

Expert Solution & Answer

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Answer 5

Chapter 11, Problem 1E

To determine

Corporation:

It is the form of business organization in which business has its own separate legal entity. It gives the owner of the business the advantage to has limited liability.

Requires government approval:

It means that the work done by someone requires government approval before it is done.

Corporate income is taxed:

It means the income earned by the corporation is taxed.

Separate Legal Entity:

It means that the corporation and the owner of corporation are different persons in the eyes of law.

Readily Transferred:

It means that one thing can be transferred from one place to another easily such as, ownership of the company.

One Vote per Share:

It means that one person who has one share will count as one vote in a particular meeting.

High ability:

It means that something has high possibility like in corporations; high amount of capital can be raised.

Unlimited:

It means that something has no limit to it extent like life of a corporation.

Limited:

It means that it is available in limited extent or its extent is limited.

To identify: The suitable description for given characteristics of corporate.

Answer 6

Chapter 11, Problem 1E

To determine

Corporation:

It is the form of business organization in which business has its own separate legal entity. It gives the owner of the business the advantage to has limited liability.

Requires government approval:

It means that the work done by someone requires government approval before it is done.

Corporate income is taxed:

It means the income earned by the corporation is taxed.

Separate Legal Entity:

It means that the corporation and the owner of corporation are different persons in the eyes of law.

Readily Transferred:

It means that one thing can be transferred from one place to another easily such as, ownership of the company.

One Vote per Share:

It means that one person who has one share will count as one vote in a particular meeting.

High ability:

It means that something has high possibility like in corporations; high amount of capital can be raised.

Unlimited:

It means that something has no limit to it extent like life of a corporation.

Limited:

It means that it is available in limited extent or its extent is limited.

To identify: The suitable description for given characteristics of corporate.

Answer 7

Chapter 11, Problem 1E

To determine

Corporation:

It is the form of business organization in which business has its own separate legal entity. It gives the owner of the business the advantage to has limited liability.

Requires government approval:

It means that the work done by someone requires government approval before it is done.

Corporate income is taxed:

It means the income earned by the corporation is taxed.

Separate Legal Entity:

It means that the corporation and the owner of corporation are different persons in the eyes of law.

Readily Transferred:

It means that one thing can be transferred from one place to another easily such as, ownership of the company.

One Vote per Share:

It means that one person who has one share will count as one vote in a particular meeting.

High ability:

It means that something has high possibility like in corporations; high amount of capital can be raised.

Unlimited:

It means that something has no limit to it extent like life of a corporation.

Limited:

It means that it is available in limited extent or its extent is limited.

To identify: The suitable description for given characteristics of corporate.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 11 - Prob. 1QS Ch. 11 - Prob. 2QS Ch. 11 - Prob. 3QS Ch. 11 - Prob. 4QS Ch. 11 - Prob. 5QS Ch. 11 - Prob. 6QS Ch. 11 - Prob. 7QS Ch. 11 - Prob. 8QS Ch. 11 - Prob. 9QS Ch. 11 - Prob. 10QS

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