Write advantage of corporations relative to partnerships
Which is an advantage of corporations relative to partnerships and sole proprietorships?
(a) Lower taxes.
(b) Harder to transfer ownership.
(c) Reduced legal liability for investors.
(d) Most common form of organization.
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One drawback of switching from a partnership to the corporate form of organization is the following: It subjects the firm to additional regulations.
At the end of 2013, an error was made in the physical count of inventory at Carter Corporation, which resulted in ending inventory being overstated by $10,000.
Assuming a current ratio of 1.0, how will the purchase of inventory with cash affect the ratio? A. increase the current ratio B. no change to the current ratio C. decrease the current ratio D. could either increase or decrease the current ratio.
How much money would you have to deposit now in a savings account earning 5 percent APR, compounded monthly, to pay the $3,000 bill in two years?
Which is an advantage of corporations relative to partnerships and sole proprietorships? Most common form of organization.
The Following is an example of: Cash AMOUNT $300000 % 6.0 , Accounts receivable AMOUNT 500,000 % 10.0, Inventory AMOUNT 800,000 % 16.0, Long-term assets AMOUNT 3,400,000 % 68.0 Total assets AMOUNT $5,000,000 0.0 A.
The estimated cost to dispose of a unit is $4, and the normal profit is 40%. At what amount per unit should product PQWR213 be reported, applying lower-of-cost-or-market?
At the end of 2013, an error was made in the physical count of inventory at Carter Corporation, which resulted in ending inventory being overstated by $10,000. State whether the following amounts were overstated or understated by a specific amount
The product sells for $129.90 per unit. According to the activity-based costing system, the product margin for product S78N is: A. $4,116.50 B. $29,132.50 C. $6,180.50 D. $5,161.30.
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