What are the characteristics of a corporation? How and where are corporations formed?What are the different types

Fantastic news! We've Found the answer you've been seeking!

Question:

What are the characteristics of a corporation? How and where are corporations formed?What are the different types of corporations? Why are most large business organized as corporations? What are the advantages and disadvantages of a corporation? What is meant by double taxation? Give examples!

Posted Date: Nov 20, 2021 01:27 PM

See More Questions

What are the characteristics of a corporation that distinguish it from a sole proprietorship and a partnership?
What are the characteristics of a proprietary fund? How do internal service funds and enterprise funds differ?
What are the characteristics of a public bond?
Consider Problem 13.28. The solvent MDEA becomes rich in acid gases. To recycle this solvent, it is first heated to 90C in exchanger E-2001 and then sent to the top stage of the stripper T-2002 as...
Loblaw Companies Limited and Empire Company Limited Instructions Access the financial statements for Loblaw Companies Limited for the year ended January 3, 2009, and Empire Company Limited for the...
Calgary Paper Company produces paper for photocopiers. The company has developed standard overhead rates based on a monthly capacity of 180,000 direct-labor hours as follows: Standard costs per unit...
Explain the difference between express, implied, and corporate authority.
Schiffer Corporation manufactures agricultural machinery. At a recent staff meeting, the following direct-labor variance report for the year just ended was presented by the controller. Schiffers...
A project is expected to generate annual revenues of $129,700, with variable costs of $79,300, and fixed costs of $19,800. The annual depreciation is $4,600 and the tax rate is 21 percent. What is...
BUSINESS CASE (100 points) Julia has recently opened a dry fruits wholesale company dedicated to the sale of peanuts, almonds and pistachios. The company's name is "The Nuthouse". THE NUTHOUSE Since...
x3 +x + 2xy dy The solution of the differential equation dx = 0 is: x2 + 1 A) y = (x + 1)[1In /x2 + 1+ c] B) y = (x + 1)[[n(x + 1) + c] !! C) y = (x + 1); In(x + 1) + xc] D) y = (x + 1)[, In /x + 1 +...
Mega Brothers Corporation has restaurants in almost 100 countries while Fast Snack Company is a much newer fast-food restaurant company, with restaurants throughout the United States and in several...
Beech Corporation, an accrual - basis, calendar - year taxpayer, was organized and began business in June of the current calendar tax year. During the current year, the corporation incurred the...
Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There no audit jobs in process at the beginning of November. Listed below are data concerning...
Westmore Products has projected the following quarterly sales. The accounts receivable at the beginning of the year is $365 and the collection period is 45 days. What are collections for the first...
The table below represents the market for bushels of wheat. Suppose there is a price floor set at $15 for a bushel of wheat. Calculate the surplus caused by the price floor. Price Quantity Supplied...
Options: 1. N egative, P ositive or Z ero 2. A n equal number of, F ewer, or M ore Now consider the long run in which scooter manufacturers are free to enter and exit the market. Show the possible...
Design an experiment to demonstrate that RNA transcripts are synthesized in the nucleus of eukaryotes and are subsequently transported to the cytoplasm.
For coordinates $\left(x^{1}, x^{2} ight)$ and metric $g=\operatorname{diag}\left(g_{11}, g_{22} ight)$, the Gaussian curvature is For a sphere with coordinates defined in the following figure,...
Consider the holonomic basis defined in Box 26.1 . Using that the tangent vector for a curve can be written $t=t^{\mu} e_{\mu}=\left(d x^{\mu} / d \lambda ight) e_{\mu}$, show that Thus, \(g_{\mu...
The Lie bracket of vector fields $A$ and $B$ is defined as their commutator, $[A, B]=$ $A B-B A$. The Lie bracket of two basis vectors vanishes for a coordinate basis but not for a...

What are the characteristics of a corporation? How and where are corporations formed?What are the different types

Question:

Expert Answer:

Characteristics of corporations i The corporation is considered a separate legal entity conducting business in its own name ii Therefore corporations ... View the full answer

Students also viewed these accounting questions