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Serjik [45]
3 years ago
14

Which of the following forms of business structure provides limited liability for the personal assets of the owners? a. sole pro

prietorship b. general partnership c. LLC d. partnership by implication e. All of the above provide limited liability.
Business
1 answer:
kotegsom [21]3 years ago
8 0

Answer:

The correct answer is option (C).

Explanation:

There are mainly 4 types of company i.e.

  • Sole proprietorship: This type of business runs by only a single owner. This type of business has unlimited liability for the personal assets of owners.
  • Partnership: This type of business runs by two or more partners. This type of business also has unlimited liability for the personal assets of owners.
  • Corporation: This type of business runs by the number of people working as the board of directors and have limited liability for personal assets.
  • LLC: Limited Liability Company is a type of business which is run by two or more directors and also have limited liability for personal assets.

As Corporation is not an option, Therefore LLC is the correct answer.

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Answer:

The answers are:

  1. Vince Victim´s lawyer
  2. Burglar Bob will have to pay a monetary compensation.
  3. The District Attorney
  4. Burglar Bob will have to spend some time in jail.

Explanation:

Vince Victim´s lawyer is responsible for bringing the civil case against Burglar Bob. If Vince wins, then Burglar Bob will probably have to pay a certain amount of money to Vince Victim in compensation for the damages he caused.

The District Attorney´s office is responsible for bringing the criminal case against Burglar Bob. If the jury finds Burglar Bob guilty then he will probably spend some time in jail.  

5 0
3 years ago
Every T account has two sides, credit and credit side.<br><br>True<br>False​
ioda

Answer:

False

Explanation:

The two sides are DEBIT and credit.

3 0
3 years ago
When a firm grants licenses internationally, it is giving foreign companies access to its:?
scoundrel [369]
<span>When a firm grants licenses internationally, it is giving foreign companies access to its trademarks, </span>technology and patents. Having your licenses and business become international is a huge gain for most businesses. When items go international, they have a larger market they can sell their products too, but there are also some risk to it as well. Allowing the foreign countries and companies to see how your products work inside and out benefit them while bringing in more profit to the international licensee. 
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3 years ago
g On January 2, 2010, Howdy Doody Corporation purchased 12% of Ranger Corporation's common stock for $50,000 and classified the
Aliun [14]

Answer:

$7,200

Explanation:

The calculation of income that should be presented in the income statement is shown below:-

Dividend Received = Given percentage × Paid dividend

= 12% × $60,000

= $7,200

Therefore for computing the income that should be presented in the income statement we simply applied the above formula.

Therefore the above is the answer

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Match each of the terms below with their definitions and descriptions
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The answer is B :)))
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