4. Which of the following is not an advantage of the corporate form of business organization?A. Limited liability of stockholders.B. Transferability of ownership.C. Unlimited personal liability for stockholders.D. Unlimited life.5. Internal users of accounting information include all of the following exceptA. company officers.B. investors.C. marketing managers.D. production supervisors.6. Owner's equity can be described asA. creditorship claim on total assets.B. ownership claim on total assets.C. benefactor's claim on total assets.D. debtor claim on total assets

Lets understand the basics. Corporate form of organizations are different as compare to sole trade…

4. Which of the following is not an advantage of the corporate form of business organization? A. Limited liability of stockholders. B. Transferability of ownership. C. Unlimited personal liability for stockholders. D. Unlimited life.

4. Which of the following is not an advantage of the corporate form of business organization? A. Limited liability of stockholders. B. Transferability of ownership. C. Unlimited personal liability for stockholders. D. Unlimited life.

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter18: Comparative Forms Of Doing Business

Section: Chapter Questions

Problem 41P

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Q: prepare the statement of owners equity

Question

4. Which of the following is not an advantage of the corporate form of business organization?
A. Limited liability of stockholders.
B. Transferability of ownership.
C. Unlimited personal liability for stockholders.
D. Unlimited life.
5. Internal users of accounting information include all of the following except
A. company officers.
B. investors.
C. marketing managers.
D. production supervisors.
6. Owner's equity can be described as
A. creditorship claim on total assets.
B. ownership claim on total assets.
C. benefactor's claim on total assets.
D. debtor claim on total assets

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