Question: Which of the following types of business organizations terminates when their ownership structure changes? a) Only corporations b) Partnerships and corporations c) Proprietorships and corporations

Which of the following types of business organizations terminates when their ownership structure changes?

a) Only corporations

b) Partnerships and corporations

c) Proprietorships and corporations

d) Partnerships and proprietorships

Step by Step Solution

★★★★★

3.46 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Proprietorships and partnerships Explanation Proprietorships and partnershi... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Please help me understand and solve this using free body diagrams and the method of joints. The Howe truss shown supports a roof loaded by the pressure of a wind blowing in the direction marked W ....

Q:

Why should a manager try to assess the probabilities associated with possible outcomes before making a decision under conditions of uncertainty?

Q:

Washington Law Firm performed legal services for a client who could not pay immediately. The business expected to collect the $16,000 the following month. Later, the business received $9,600 cash...

Q:

Problem Solved Company has been operating for five years as a software consulting firm. During this period, it has experienced rapid growth in Sales Revenue and in Accounts Receivable. To solve its...

Q:

Course Number and Title: FI300-61 FINANCE From Book: Ross Westerfield Jordan Essentials of Corporart Financials Eleventh Edition Assignment #1 Please upload your answers to the Blackboard. More...

Q:

1 Not yet answered Marked out of 1.00 Flag question Time left 0:14:33 Which of the following comparisons of business organizations contains an incorrect assertion? Select one: O a. Corporations are...

Q:

Q1. The CEO of High Tech International decides to change an accounting method at the end of the current year. The change results in reported profits increasing by 5%, but the company's cash flows are...

Q:

Which of the following forms of business organization are not considered to be entities in their own right? a. Corporations b. Purtnerships c. S Corporations d. C Corporations Suppose that a friend...

Q:

( please read passage and awnser the following multiple choice questions ) Corporations There are many reasons why entrepreneurs choose corporations as a form of business ownership. A corporation (...

Q:

Mid Term Prep 1. An external user of Financial statements would NOT include a) a creditor of the company. b) Canada Revenue Agency. c) human resources personnel. d) the companys bank. 2. Which of the...

Q:

What are the responsibilities of the board of directors in a corporation? a. Hire and fire entry level employees. b. Amend the firm's corporate charter when necessary. c. Manage day-to-day...

Q:

CHAPTER 13 FIELDWORK 415 3. Define an appropriate marketing research problem correspond- ing to the management decision problem you identified in question 2. 4. Intel would like to gain a better...

Q:

Read the case study and answer the questions Managing human resources in complex and dynamic political contexts Mpho Modisane had just been appointed, Chief Executive Officer (CEO) of the Government...

Q:

What's a good blog post title of the effects of using smart funds on various aspects of cognition

Q:

On September 1, 2015, Colton Davies established an organizing business, Get Rid of It. During the month, Colton completed the following transactions: Sep. 1. Colton deposited money into the business...

Q:

For the confidence intervals of Exercise 14, a histogram of the data looks like this: Check the assumptions and conditions for your inference. 40 80 Amount ($)

Q:

For the confidence interval in Exercise 14 part a: a) To reduce the margin of error to about $4, how large would the sample size have to be? b) How large would the sample size have to be to reduce...

Q:

The analyst in Exercise 8 wants to know if the mean purchase amount of all transactions is at least $40. a) What is the null hypothesis? b) Is the alternative one- or two-sided? c) 'What is the value...

Q:

For the purchase amounts in Exercise 8: a) Construct a 90% confidence interval for the mean purchases of all customers, assuming that the assumptions and conditions for the confidence interval have...

Q:

In a certain city, the cost of a taxi ride is computed as follows: There is a fixed charge of $2.70 as soon as you get in the taxi, to which a charge of $1.90per mile is added. Find an equation that...

Q:

summarize the new standard and the potential impact of that standard's implementation on internal users and external users Be sure to address possible unintended consequences. No. 2016-16 October...

Q:

summarize the new standard and the potential impact of that standard's implementation on internal users and external users Be sure to address possible unintended consequences. No. 2016-16 October...

Q:

Question 1.Which of the following plans provide the greatest immediate tax benefit for the participating employee? (1) Roth IRA (2) deductible IRA (3) non-deductible IRA (4) 401(k) a. (1) and (3)...

Q:

Welcome to the week 3 discussion. The discussion of the third week is dedicated to topics related to the exposition, in the context of the commentary and the expository essay. We are going to discuss...

Q:

Please answer the multiple choice with brief explanation Quiz: 221 Mid-Term Exam: Multiple-Choice 10/6/14, 12:04 AM 221 Mid-Term Exam: Multiple-Choice Started: Oct 6 at 12:46am Quiz Instructions...

Q:

Research Report Students name Professors name Institution Date Contents Title .. 3 Abstract 3 Acknowledgement .3 Introduction .4 Main body of Report/Methodology 5 Various kinds of isolation.6...