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3 years ago

List the characteristics typical of a c corporation

Business

1 answer:

Svet_ta [14]3 years ago

3 0

Answer:

The five main characteristics of a c corporation are:

limited liability: the owners' liability is determined by the amount of money they invested in purchasing the corporation's stock.
corporations are owned by stockholders: every single stockholder owns a piece of the corporation, the size of that piece is determined by the amount of stocks.
double taxation: owners of the corporation suffer from double taxation because first the corporation must pay corporate taxes and then the owners must pay income taxes when they receive dividends.
corporations are separate entities: corporations exist by themselves, they are born when they are created and die when they are dissolved.
corporations are professionally managed: the owners elect a board of directors and the board is responsible for hiring professional management.

Explanation:

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Was created to protect the pensions of millions of Americans
Provides a basic benefit to pensioners who need pension payments when their companies no longer pay them

The basic benefit is a percentage of the benefits the retirees receive from their normal plan so it is not much. Retirees will often have to supplement this option.

In conclusion, The Pension Benefit Guarantee Corporation will pay out something to the retirees.

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2 years ago

Eve's Apples opened for business on January 1, 2021, and paid for two insurance policies effective that date. The liability poli

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Answer:

The balance in Eve's prepaid insurance account as of December 2021 is $18000 as shown below.

Explanation:

The balance of prepaid insurance would be the balance left after 12 months expense has taken from both amounts

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Balance of prepaid insurance $18,000

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