Question: Select from the option list provided whether each item below is an advantage or disadvantage of a corporation. Each choice may be used once, more

Select from the option list provided whether each item below is an advantage or disadvantage of a corporation. Each choice may be used once, more than once, or not at all.

Item

Answer

1 .

Perpetual life

2 .

Substantial costs of incorporation

3 .

Double

-

taxation

4 .

Raising of capital

5 .

Threat of hostile takeovers

6 .

Limited liability

7 .

Transferability of interests

8 .

Reduced individual control of the business

9 .

Separation of ownership from management

10 .

Compliance with reporting requirements

11 .

Constitutional rights

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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!

Select from the option list provided whether each item below is an advantage or disadvantage of a corporation. Each choice may be used once, more than once, or not at all.

AU-C 940, An Audit of an Entity's Internal Control over Financial Reporting that is Integrated with an Audit of Its Financial Statements, applies when a service is provided to nonissuers. In...

AU-C 940, An Audit of an Entity's Internal Control over Financial Reporting that Is Integrated with an Audit of Its Financial Statements, applies when a service is provided to nonissuers. In...

Service auditors, in conformity with the clarified Statements on Standards for Attestation Engagements, may issue Type 1 or Type 2 reports based on the terms of the engagement. Select from the option...

Select from the option list provided whether each item is a criterion that, if satisfied, results in classification of a lease as a capital lease by the lessee. Each choice may be used once, more...

John a CPA is authorized to practice before the IRS. He performed all of the following acts during the current year. Select from the option list provided whether each individual scenario is...

Scroll down to complete all parts of this task. Select from the option list provided the inventory cost flow assumption for each explanation below. Each choice may be used once, more than once, or...

Robert Smith, a salesperson for Carter Manufacturing, Inc. ("Carter Manufacturing"), contracted to sell notebooks and pencils to Billy Shear. The pencils were not delivered by the agreed-upon date....

Robert Smith, a salesperson for Carter Manufacturing, Inc. (Carter Manufacturing), contracted to sell notebooks and pencils to Billy Shear. The pencils were not delivered by the agreed-upon date....

1 2 3 Scroll down to complete all parts of this task. Comfort, Inc., is a calendar-year, accrual-basis corporation that commenced operations on January 1, 2018. Comfort is not subject to the uniform...

Below is an income statement for Newell Products for the year ended December 31, 2011, and a schedule listing the companys current assets and current liabilities at the end of 2010 and 2011. Required...

A driver has recorded and posted on the Internet (www.randomuseless.info/gasprice/gasprice.html) the price he paid for gasoline at every purchase from 1979 to 2012. Since 1984 all purchases were...

Which of the following is not a tre, statement regarding the fair value accounting option? Mu'tiple Choice The fair walse option increases earning volatiliy. The fair value option mutes earnings...

a=2 b= 0 c= 2 d=0 e=0 f=9 g=3 5. Draw the Network diagram for the following project. Estimate the Earliest start time and Latest finish time for each activity. If every day it cost 200 rials for this...