FINANCIAL ACCOUNTING: TOOL
FINANCIAL ACCOUNTING: TOOL
9th Edition
ISBN: 9781119598305
Author: Kimmel
Publisher: MCGRAW-HILL HIGHER EDUCATION
Question
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Chapter 11, Problem 2Q

(a)

To determine

Corporation Management: Corporation: A business concern where there is a separate legal entity, and are owned by shareholders, are classified as corporation. However, the decisions of the business are taken by the board of directors elected by the shareholders.

To explain: an advantage and a disadvantage of a corporation management.

(b)

To determine

To explain: two other disadvantages of a corporation.

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