What are some of the characteristics of a proprietorship that are different from those of a corporation?

Question:

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

Step by Step Answer:

Related Book For book-img-for-question

Accounting Introduction To Financial Accounting

ISBN: 9781517089719

1st Edition

Authors: Henry Dauderis, David Annand

See More Books

Question Posted: Apr 26, 2016 09:43 AM

See More Questions

1. Do you think Gardiah Mfana is an actual person? 2. Do you believe that his proposition is real? Why or why not? 3. List and explain at least three elements of fraud that are present in this...
What are some of the characteristics of a supportive communicative climate?
What are some of the characteristics of a typical budget?
ed The Engine Guys produces specialized engines for "snow climber buses. The company's normal monthly production volume is 2,500 engines, whereas its monthly production capacity is 5,000 engines. The...
How can a manger evaluate the effectiveness of the maintenance function?
The bottle of champagne (SG 0.96) in Fig P2.87 is under pressure as shown by the mercury manometer reading. Compute the net force on the 2-in-radius hemispherical end cap at the bottom of the...
Velocity ratio is the ratio of distance moved by _____ to distance moved by _____.
On January 1, 2011, Pepper Company purchases 80% of the common stock of Salty Company for $270,000. On this date, Salty has total owners equity of $300,000. The excess of cost over book value is due...
Explain the systematic process of continuous improvement What is a training needs analysis and how are they used? How can you present improvements to the work team and management? What is quality and...
You work in the human resources department of your company helping new employees fill out the necessary paperwork to get their first paycheck. There are a number of decisions that employees must make...
The following information is extracted from the shareholders' equity section of the balance sheet of Gibson Clothing Inc. at December 31, 2016: Preferred shares, stated value $10, non-cumulative...
How are partners' capital balances disclosed in the balance sheet?
For each of the linear functions in Exercise 7.1.51, write down its matrix representative, the matrix representative of its inverse, and verify that the matrices are mutual inverses. Exercise 7.1.51...
Selina (31) moved from Iowa to another state during the tax year and is considered a part-year resident of Iowa who is eligible to file as head of household. Her net income while living in Iowa was...
Oriole Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Cost to Complete Cost Item No. Quantity per Unit Estimated Selling Price and Sell 1320 1,600 $3.84...
Chang Company has a December 31 year end. In year 7 it bought a piece of equipment at the start of the year for $617,500 and employed straight line depreciation over 5 years with an estimated...
Java code Tom loves strings very much but he loves palindromic strings even more. Today he found an old rope in his garage. The string is so old that some of its characters have disappeared and...
A company that uses job order costing reports the following information. Overhead is applied at the rate of 6 0 % of direct materials. The company has no beginning Work in Process or Finished Goods...
Discuss the major influences on business buyers.
Problem 3.5 (4 points). We will prove, in steps, that rank (L) = rank(LT) for any LE Rnxm (a) Prove that rank (L) = rank (LTL). (Hint: use Problem 3.4.) (b) Use part (a) to deduce that that rank(L) =...
Identify the three types of ownership structures and discuss the advantages and disadvantages of each.
Identify three types of businesses according to activities.
What are the main functions of an accounting clerk?
If you were to enter the banking industry, you might find yourself approving or not approving loans. The following is a good example of a common event you could encounter. Company X is looking for...
You see a two year bond with annual coupon rate of 8% that has these flows. Years ahead Cashflows 0 ?? 0.25 0 0.5 0 0.75 1 1.25 1.5 1.75 2 8 0 0 0 108 You will be asked to calculate its price at...
Use synthetic division and the Remainder Theorem to evaluate P(c). P(x) = 6x + 5x +9, c = 11/1 P(1) =

What are some of the characteristics of a proprietorship that are different from those of a corporation?

Question:

Step by Step Answer:

A proprietorship differs from a corporation because a it is not a separate legal ...View the full answer

Accounting Introduction To Financial Accounting

Students also viewed these Accounting questions