Question

Which of these features could accurately be included in the definition of a corporation? Select all...

Which of these features could accurately be included in the definition of a corporation? Select all that apply.

Separate legal entity

Division of ownership and control

Double taxation

Limited access to capital

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A corporation is considered to be a separate legal entity that is distinct from its owners. If a corporate distributes off of its earnings as dividend, it will have to pay taxes before distribution and the shareholders will also pay taxes on dividend. This way it is subject to double taxation. The management and ownership in a corporation is in different hands. Therefore, the following features can be accurately included in the definition of a corporation-

Separate legal entity

Division of ownership and control

Double taxation

Do let me know in the comment section in case of any doubt.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What are the main advantages and disadvantages of organizing a firm as a​ corporation? ​(Select all...
What are the main advantages and disadvantages of organizing a firm as a​ corporation? ​(Select all the choices that​ apply.) A. ​Advantages: Limited​ liability, liquidity, infinite life. B. ​Disadvantages: Double​ taxation, infinite life. C. ​Advantages: Limited​ liability, liquidity, separation of ownership and control. D. ​Disadvantages: Double​ taxation, separation of ownership and control.
Match the following legal business type with its definition below. Write the correct letter next to...
Match the following legal business type with its definition below. Write the correct letter next to the corresponding question. A) Proprietorship B) Partnership C) Corporation D. Limited Liability Company 25. Business owned by two or more people, each whom is responsible for the firm’s debt and share in profit _______ 26. Known as hybrids as their profits and losses pass through to their owners, without taxation to the entity directly______ 27. Separate legal entity. owned by shareholders, who are responsible...
Doug decides to start a business transporting toxic waste from the North Dakota oilfields. He has...
Doug decides to start a business transporting toxic waste from the North Dakota oilfields. He has found an inexpensive truck for hauling the waste. Doug knows the truck is inadequate and is looking for the best business entity to protect his personal assets. Which of the following is true? Question 18 options: Doug should select a limited liability company which permits single owners, protects him from personal liability and avoids a court "piercing the veil" to access his personal assets....
Which of the following is not a characteristic for a corporation? Select one: a. Limited liability...
Which of the following is not a characteristic for a corporation? Select one: a. Limited liability b. Easy to transfer ownership c. All of the above are characteristics of a corporation d. Corporate management e. Fewer government regulations
1. An IOU ("I owe you") from your brother-in-law is a financial asset. True    False 2. The...
1. An IOU ("I owe you") from your brother-in-law is a financial asset. True    False 2. The separation of ownership and management is one distinctive feature of both corporations and sole proprietors. True    False 3. Shareholders welcome higher short-term profits even when they damage long-term profits. True    False 4. A well-designed compensation package can help a firm achieve its goal of maximizing market value. True    False 5. While control of large public companies in the United States is exercised through the board of directors...
Which of the following features, everything else the same, give bonds higher yields? Select all those...
Which of the following features, everything else the same, give bonds higher yields? Select all those that apply Question 8 options: A. The bond is a senior bond B. the bond is a junior bond C. The bond is callable D. The bond is convertible E. The bond is putable
Which two of the following five statements are correct? Select two alternatives: 1. While the protection...
Which two of the following five statements are correct? Select two alternatives: 1. While the protection of shareholder rights is a very important principle in Europe, in the US the stakeholder view of the corporation is most common. 2. The separation of ownership and control is perhaps the most important reason for the success of the corporate organizational form. Because any investor can hold an ownership stake in a corporation, investors are able to diversify and thus, with no costs,...
Which of the following actions could a company's owners use to reduce its leverage? Select all...
Which of the following actions could a company's owners use to reduce its leverage? Select all that apply. A) Raise additional equity capital. B) A co-owner sells all his shares in Comfy Home to another co-owner. C) Sell PP&E at book value and use the cash to pay off creditors. D) Pay off long-term debt. E) Increase net profits (and thereby retained earnings). F) Use short-term debt to pay off long-term loans.
Name some economic events which could cause aggregate demand to shift. (select all that apply) A....
Name some economic events which could cause aggregate demand to shift. (select all that apply) A. A relative increase in prices in foreign countries B. Artificial Intelligence used to manufacture industrial robots C. A sudden decrease in population D. A change in consumer confidence E. New discoveries of oil in the Arctic
1.) The basic rules governing how a corporation is organized and how it conducts its business...
1.) The basic rules governing how a corporation is organized and how it conducts its business are known as _____. a. certificates of organization b. corporate bylaws c. prospectuses d. articles of incorporation 2.) A _____ is a legal business entity that offers limited liability to all of its owners. a. Limited partnership b. General partnership c. Sole proprietorship d. C corporation 3.) How is the formation of limited liability companies (LLCs) similar to the formation of corporations? a. Similar...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT