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3 years ago

One reason many companies do not organize themselves as an s corporation is that this form of business:

Business

1 answer:

S_A_V [24]3 years ago

7 0

Answer:

S type corporation is difficult to register as it has a particular eligibility restriction, which many businesses are unable to meet.

Explanation:

There are specific pre-requisites before a company may apply as an S corporation

It implies that corporation shareholders must be U.S. residents only who directly own the shares.
Maximum 100 shareholders can be part of S corporation.
The stock options are restricted to one class only.

The limited stock options, no foreign investment challenges and limitation of maximum shareholders create a barrier to open S type corporation. So the answer is S type corporation is difficult to register as it has a particular eligibility restriction, which many businesses are unable to meet.

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The proprietorship form of business organization Question 5 options: must have at least two owners in most states. generally rec

-Dominant- [34]

Answer:

generally receives favorable tax treatment relative to a corporation.

Explanation:

The sole proprietorship is the business organization in which the business is controlled by single person only. The business records would be separated with the owner personal records in this type of business also it would not be classified as a separate legal entity just like corporation

But in this it received the favorable tax treatment as compared with the corporation

8 0

2 years ago

Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 50,000 ounces from the

elena55 [62]

Answer:

The number of ounces started and completed during the period is 42,000 ounces.

Explanation:

The number of ounces started and completed during the period can be computed by simply deducting the beginning work in process from the number of ounces completed.

Since we have the following from the question:

Number of ounces completed by Filling = 46,000 ounces

Beginning work in process = 4,000 ounces

Therefore, we have:

Number of ounces started and completed = Number of ounces completed by Filling - Beginning work in process = 46,000 ounces - 4,000 ounces = 42,000 ounces

Therefore, the number of ounces started and completed during the period is 42,000 ounces.

5 0

2 years ago

Prepare the journal entries to record the assignment of direct materials and direct labor and the allocation of manufacturing ov

rosijanka [135]

Answer:

Note: The full question is attached below

Date Accounts Title and Explanation Debit Credit

Mar-31 WIP-Fermenting Department $15,971

Raw Material Inventory $9,288

Wages payable $3,305

Manufacturing Overhead $3,378

(Being cost assigned to WIP-Fermenting department)

3 0

1 year ago

Goods costing rs 10000 was sold at loss rs 2000 make journal entry

Grace [21]

Answer:gongi

Explanation:gong

7 0

2 years ago

Assume that a machine has a useful life of 9 years, and it loses its real value at a constant rate (i.e. 1/9 of the original val

weeeeeb [17]

Answer:

$52,435.00

Explanation:

After 3 years the future value of 100,000 at 6 percent will be

FV = PV × (1+r)n

=FV = 100,000 x (1 +0.06)3

FV = 100,000 x 1.191016

FV = 119, 101.60

The interest will be 119, 101.60 - 100,000

=19,101.60

The depreciation over 9 year period, per year will be

=1/9 x 100,000

=11, 111.11 per year

3 year depreciation = 33,333.33( 11,111.11 x 3)

The investment must generate at least

19,101.60 + 33,333.33

=$52,434.93

=$52,435.00

7 0

2 years ago