Answer:
1. TRUE.
A corporation truly is separate from its owners.
2. TRUE.
As a result of this separation, it has most of the rights and privileges of a person.
3. FALSE.
Most of the largest American companies are public held corporations which is how they got the resources needed for expansion.
4. TRUE.
As corporations are separate entities, they can do all these things.
5. FALSE.
The net income of a corporation is taxed as separate from the income of the owners.
6. FALSE.
Creditors only have a legal claim to the assets of the corporation and not its owners because they are separate entities.
7. FALSE.
The transfer of stock requires the permission of the stockholder selling the stock and the party buying. This is a two party transaction that does not require company approval.
8. FALSE.
The shareholders own the corporation. The Board of Directors simply represent the shareholders.
9. TRUE.
The Chief Accounting Officer truly is the controller.
10 . FALSE.
Corporations are subject to more regulations than partnerships and proprietorships.
Answer:
A.- Randy can deduct $30,200 The interest on the loan of the car is nondeductible personal interest, but he can deduct all $28,000 on the home loan as an itemized deduction. The $4,200 of margin interests is likely investment interest, and this itemized deduction is limited oto net investment income. $2,200 of interest income qualifies as investment income and he apparently has no other invesstment expenses, the investment interest expense would be limited to Randy´s $2,200 in net investment.
B. He may deduct all %28,000 of his interest on the home loan
Answer:
b . reship or store the goods for the seller.
Explanation:
Usually when a buyer rejects goods, in this case, Oh! Wow! Markets, Inc., it is their duty to notify the seller Poultry Processing Corporation of their reason for the rejection of non--perishable canned turkey, wait for instructions from Poultry Processing Corporation and then provide them with detailed list of defects.
Unfortunately, Poultry Processing Corporation is yet to send instructions on what to do to Oh! Wow! Markets, Inc.. If the good were perishable Oh! Wow! Markets, Inc. would have sold them and demand indemnity from Poultry Processing Corporation.
But since the goods are non-perishable, Oh! Wow! Markets, Inc is only left with two options, which are reship the shipment of canned turkey to Poultry Processing Corporation or store the shipment of canned turkey pending when Poultry Processing Corporation finally sends instructions on what to do.
Answer:
Physics
Explanation:
Opportunity Cost
When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice.
Since Arshad is concerned about his mid-career salary, Physics has the highest mid-career salary among the options, therefore opportunity cost of choosing to major in communications would be Physics