Which of the following characteristics best describes a corporation?  business with a single owner Is not taxed Stockholders not personally liable for entity’s debts Not a separate taxable entity

Q: Double taxation of corporate income results because dividend distributions are included in a…

A: Double taxation means tax is levied twice on the same source of income or financial transaction.…

Q: Characteristics of a corporation include

A: Shareholders are the owner of the shares issued by the company. They have the power to vote and…

Q: Which of the following characteristics of a corporation limits a stockholders losses to the amount…

A: The stockholders will share loss of corporation.

Q: Can the members of a non-stock corporation receive compensation

A: non stick corporations are that corporations which do not issue stock to members. Members who are…

Q: Which characteristic of a corporation is a disadvantage? Mutual agency Double taxation Limited…

A: Corporation: The form of business entity ,which is incorporated by state law into a separate legal…

Q: From a tax perspective, and disregarding other issues such as limited liability, does it always make…

A: A sole proprietorship is a business owned and controlled only by one person. Because it is a…

Q: How is a One Person Corporation different from a Regular Domestic Corporation

A: Regular domestic corporations were very famous because of their limited liability ,…

Q: How does the audit of owners’ equity for a closely held corporationdiffer from that for a publicly…

A: Audit of owners equity for a closely held corporation is different from that of publicly held…

Q: The income from operations of the following corporations are not subject to the regular corporate…

A: A corporation is a legal entity that may be created by an individual or a group of people with a…

Q: hich of this statement shows the advantage to form a corporation? Select one: a. Owner

A: Explanation : In simple words, when a business entity is considered as a corporation, the general…

Q: Which of the following is not considered to be an advantage of a corporation?a. Limited liability of…

A: Corporation:   Business concerns which have a separate legal entity; and are owned by shareholders,…

Q: Which of the following rights allows a shareholder of a corporation to maintain his or her…

A: 1. Preemptive right : it allows shareholder to maintain their proportionate interest in corporation…

Q: Which of the following is true for a Limited Liability Company (LLC)? business income is taxed at…

A: A company is an organization formed by a group of individuals. This group of individuals have a…

Q: What principle is applied when the properties bought by a corporation is wholly owned by the…

A: Corporation is one of the legal form of business organisation, under which several members invest…

Q: What advantages does a corporation have over a sole proprietorship? Whatare the disadvantages of a…

A: There exist different forms of business structures from which we can choose while incorporating a…

Q: The following are characteristics of a corporation except   Choices; It is an artificial being It…

A: Following are some key features of a corporation: Separate legal entity  Perpetual succession  An…

Q: What would happen to the corporation if it failed to file by-laws? Would it dissolve the corporation

A: Meaning of Corporation: It refers to a legal entity which is distinct from its owners. Corporations…

Q: Distinguish between corporations and sole proprietorshipsin terms of the following…

A: Sole proprietorships is the simplest form of business in which one particular operates the business…

Q: Which of the following is incorrect regarding for-profit corporations? Multiple Choice Most business…

A: Corporations are the entity created by laws. Corporation can be two types, one is formed for profit…

Q: All of the following are characteristics of a corporation, except: has one or more owners, and…

A: The following are the characteristics of a Corporation: a) Separate Legal Entity b) Owned by the…

Q: Which of the following is true of a "Subchapter S Corporation"? O The corporation is subject to…

A: Business organization is formed to carry out the commercial activities. Some examples of business…

Q: Which of the following is not a characteristic of a corporation? a.Corporations experience an ease…

A: corporation : it is a legal entity it is considered as separate person  it has rights and…

Q: S corporations.

A: C corporation for tax purposes means Double taxation in which shareholders are taxed seperately from…

Q: Which of the following is not something that corporations can do with their profits?   a. Pay…

A: Corporations are large company or group of companies.

Q: Why do you think a single WACC is not applicable to all businesses in a corporation?

A: The W.A.C.C. or weighted average cost of capital determines the required rate of return of common…

Q: In the absence of restrictive provisions, what are the basicrights of stockholders of a corporation?

A:

Q: Can a sole proprietor form as a single-member limited liability company (LLC)? If so, how would such…

A: Internal Revenue Service has classified the businesses as : Sole proprietorship S corporation C…

Q: .Which of the following is NOT one of the basic shareholder's rights? Which of the following is NOT…

A: Shareholder means a person who holds the shares. When we divide company capital into small parts are…

Q: Which of the following is not true of a corporation? Oa. It may enter into binding legal contracts…

A: Corporation has separate legal entity. This means the corporation is separate from its owners. Thus,…

Q: Select the best term for each definition below.

A: Shareholders’ equity:   Shareholders’ equity refers to the right the owner possesses over the…

Q: How do you differ a public corporation from a private corporation? give examples-names, purpose or…

A: Corporation- A corporation is a legal entity with the identity of a legal person that was formed by…

Q: Which of the following does not make it easier for corporation to raise capital? a) limited…

A: OPtion explanation a) Shareholders of corporation have limited liability b) Corporation…

Q: Which of the following is a characteristic of a corporation?a. No income taxb. Limited liability of…

A: Corporation: It can be defined as a legal organization or an entity that is completely different…

Q: how do owners’ equity accounts in a corporation differ from those in a sole proprietorship or…

A: Stockholder’s equity: It refers to the amount of capital that includes the amount of investment by…

Q: What term is used to refer to denote that creditors usually may not go beyond the assets of the…

A: A creditor is an individual or an institution that has extended credit to a particular company. It…

Q: Which of the following items cannot be deducted in the determination of taxable income for a…

A: Taxable income for a corporation includes all the receipts generated by the corporation from various…

Q: Under the Corporate form of business: the corporation is subject to double taxation a shareholder…

A: Corporate form of business: A mode of doing business that recognizes the company in question as…

Q: Which of the following describes when a corporation pays income tax on its profits, and when the…

A: Double Taxation: It is a term used to portray the technique through which taxes are forced on…