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Temka [501]
2 years ago
15

Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers. true or false

Business
1 answer:
musickatia [10]2 years ago
5 0

Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers. This statement is true.

<h3>What is Partnership?</h3>
  • In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
  • Organizations may work together to expand their reach and increase the likelihood that each will succeed in reaching their goals.
  • A partnership may solely be controlled by a contract, or it may issue and hold stock. Business: Two or more businesses collaborate in a joint venture, a buyer-supplier arrangement, a strategic alliance, or a consortium to: I work on a project (such as an industrial or research project) that would be too difficult or risky for a single entity; and (ii) join forces to have a stronger position on the market.

To learn more about partnership with the given link

brainly.com/question/19988417

#SPJ4

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a. Total assets of Charter Company equal $710,000 and its equity is $425,000. What is the amount of its liabilities
Liula [17]

Answer:

the amount of its liabilities is $285,000

Explanation:

From the Accounting Equation, we know that :

Assets - Liabilities = Equity

Therefore,

Liabilities = Assets - Equity

                = $710,000  - $425,000

                = $285,000

4 0
3 years ago
Having a low credit score can make it more difficult to: a obtain a car loan b open a new credit card c secure an apartment leas
lys-0071 [83]
I think the correct answer from the choices listed above is option D. Having a low credit score can make it more difficult to obtain a car loan, open a new credit card and secure an apartment lease. <span>A </span>credit score<span> is a numerical expression based on a level analysis of a person's </span>credit<span> files, to represent the creditworthiness of the person. </span><span>Hope this answers the question. Have a nice day. </span>
7 0
3 years ago
A television advertisement claiming that a product is light-years ahead of its time does not make sense because ________.
Paraphin [41]
A light-year is a unit of distance, and not a unit of time. That is like saying "School will be over in 3 kilometers!".
8 0
3 years ago
Detrich Products is planning to upgrade an aging manufacturing operation five years from now at a cost of $100,000. If the compa
Reika [66]

Answer:

$21,547.08

Explanation:

To get the amount of the deposit, we use the PMT function of MS Excel

Rate = 10%

Nper = 4

Pv = 0

FV = -100000

PMT = ?

The amount of the deposit = PMT(Rate, Nper, PV, -FV)

The amount of the deposit = PMT(10%, 4, 0, -100000)

The amount of the deposit = 21547.08037

The amount of the deposit = $21,547.08

So, the amount of the deposit at 10% per year interest is closest to $21,547.08

6 0
3 years ago
In preparing its cash flow statement for the year ended December 31, 2021, Green Co. gathered the following data: Gain on sale o
vazorg [7]

Answer:

$77,000

Explanation:

Data provided as per the question below:-

Proceeds from sale of common stock = $153,000

Cash dividends paid = $76,000

The computation of net cash from financing activities is given below:-

Cash inflow from Financing Activities =  Proceeds from sale of common stock - Cash dividends paid

= $153,000 - $76,000

= $77,000

Therefore for computing the net cash from financing activities we simply applied the above formula.

5 0
3 years ago
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