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Alenkasestr [34]
3 years ago
14

Candy Emporium is a legal entity whose assets and liabilities are separate from its owners. It can receive, own, and transfer pr

operty, enter into contracts with individuals or other legal entities, and sue and be sued in court. What type of business is Candy Emporium?
Business
2 answers:
lora16 [44]3 years ago
8 0

Answer:

Corporation

Explanation:

According to my research on the different types of businesses, I can say that based on the information provided within the question Candy Emporium is considered to be a Corporation. This is because a Corporation is defined as a legal entity in which all assets and liabilities are separate and distinct from the people or person who founded the business. Which is why they are sometimes known as a "legal person" since they have all the rights and responsibilities as if they were an individual person. Since the description in the question is on par with the definition of a Corporation then we can say that this is what Candy Emporium is.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

BigorU [14]3 years ago
3 0

Answer:

Candy Emporium is Corporation

Explanation:

Corporation refers to "any corporation that, under United States federal income tax law, is taxed separately from its owners. A C corporation is distinguished from an S corporation, which generally is not taxed separately. Most major companies (and many smaller companies) are treated as C corporations for U.S. federal income tax purposes. A C corporation has no limit on the number of shareholders, foreign or domestic. Any distribution from the earnings and profits of a C corporation is treated as a dividend for U.S. income tax purposes."

Reference: Boundless, Boundless.com. “Corporations” Lumen, 2019

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The Consumer Price Index (CPI) is best used to determine
nlexa [21]

The answer is<u> "B) the rate of inflation".</u>


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8 0
3 years ago
Read 2 more answers
Financial accounting is the process of identifying, measuring, and communicating financial information about an economic entity
Anna007 [38]

Answer:

The correct answer is "financial information; economic entity; user groups; legal, economic political and social environment"

Explanation:

The four major elements of financial accounting​ are:

1. financial information: includes items such as management discussion, analysis, and reports.

2. economic entity: An economic entity is company actions that are separate from its owners and other entities, such as corporations and governmental​ organizations.

3. user groups: request business information of an economic entity.  Investors and financial​ analysts are user groups.

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7 0
3 years ago
You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until
Wittaler [7]

Answer:

You lose your premium <em>$</em><em>240</em> down the drain.

Explanation:

-$240

Total Loss= 5*(100 x -$0.48)= -$240

Good luck mate! Options are very risky.

7 0
2 years ago
Financial management cannot be related to other functional areas of management such as marketing.
frez [133]
This is false again this can be classified as anything
5 0
3 years ago
Aztec Company reports current E&amp;P of $200,000 in 20 X 3 and accumulated E&amp;P at the beginning of the year of negative $10
kondaur [170]

Answer:

How much of the distribution is treated as a dividend in 20X3?

100000

Explanation:

E&P CURRENT       200000

E&P ACCUMULATE -100000

Dividend                   100000

3 0
2 years ago
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