Question

Corporations differ from partnerships and other forms of business association in two ways. One of these is that

Select one:

a.

they are regulated by the Federal Trade Commission.

b.

they are formed simply by an agreement entered into among their members.

c.

they must be publicly registered or in some way officially acknowledged by the law.

d.

their shareholders are entitled to their share of the company's profits as soon as they are ascertained or determined

Answer 1

d. their shareholders are entitled to their share of the company's profits as soon as they are ascertained or determined

Both are regulated by Federal Trade Commission. and formed by an agreement entered into among their members.. Its not necesaary for both to be publicly registered or in some way officially acknowledged by the law.

Partnership partners share profit based on the agreemnent between them, In corporations, Profits are shared by paying dividend to common shareholders. Usually dividends are paid quarterly after a company finalizes its income statement and the board of directors meets to review the financials and finalizing the amount.