Describe and explain the characteristics that distinguish corporations from partner ships and proprietorships.
Answer to relevant QuestionsWhy are common shares said to represent the residual interest in an entity? What are dividends? Why are dividends not expensed when calculating net income whereas interest is expensed? Car prices tend to increase over time. One car manufacturer has offered students the opportunity to lock in the price of a new car for when they graduate. By paying $500 today, a student can purchase any car made by the ...Explain the dividend yield of a share and a company's dividend payout ratio. What does it mean if the dividend yield and dividend payout are zero? Is this a bad situation if both are zero? What is the impact on earnings per share if a company buys back some of its shares from investors? What is the economic impact on the company?
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