1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Inessa [10]
3 years ago
10

What is the most important difference between a corporation and all other organizational​ forms?

Business
1 answer:
babunello [35]3 years ago
4 0

Answer:

Separate legal entity and taxation process

Explanation:

In a corporation, unlike in other forms of business, the owners and business are treated separately under the law. This principle is referred to as separate legal entity concept.

So for any contracts or deals entered into by a corporation, the owners cannot be held personally liable or asked to make good the losses incurred due to entering into those contracts unless of course if owners acted with mala fide intentions to earn personal profits. In short, owners personal assets cannot be taken away.

Secondly, the taxation slab applicable to corporations is also different in the sense corporations pay taxes on dividend paid. Secondly, when such dividend forms part of the revenue of shareholders, tax is again paid on that dividend income, this time by the shareholder. So in a way, shareholders get taxed twice, since in the first case, the company paying dividend recovers the tax on dividend paid from shareholders. This is referred to double taxation.

You might be interested in
Socioeconomic market segmentation is another name for _____ segmentation.
Advocard [28]
I think the correct answer would be demographic segmentation. It is a type of market segmentation where the consumers are classified according to race, religion, family, gender and/or income. It is a way to help an organization target specific consumers.
7 0
3 years ago
To record purchases on account, Caleigh’s Company uses the perpetual inventory method and the gross method. On September 11, it
vfiekz [6]

Answer:

The company should credited on the Cash account and the Cash Discount Receipt for the settlement of the inventory with 10 days.

Explanation:

The detailed entry will be:

19th Sep

Dr Account Payable               $40,000

Cr Cash                                  $39,200

Cr Cash Discount Receipt    $800

( to record payable settlement and the receipt of cash discount)

Working note: As the company paying with 10 days, the supplier will allow a 2% discount on it net inventory purchase ( 44,000 - 4,000 = $40,000)

Thus, the discount will be 40,000 x 2% = $800 and Cash repayment will be 40,000 x (1-2%) = $39,200.  

7 0
3 years ago
Amanda looked up at the scoreboard and exclaimed, "Wow, that is so vivid and fantastic. I don't know what that cost, but it is a
Neko [114]

Answer:

Electronic equipment

Explanation:

Throughout history, sport has evolved while society has done it. Both at a professional or elite level and at an amateur level, the sport has undergone several revolutions, some of them due to technological inventions.

There is no sport that has not undergone a technological revolution, one way or another. Some, like basketball, have been more prone in this regard, while others have been sidelined. But without a doubt, nobody escapes the tentacles of innovation.

Technology in sports has been included to apply its rules more easily, be more objective, and improve the accuracy of the sport. They are tools that facilitate the practice of sport.

3 0
3 years ago
Which of the following statements is MOST correct?A. Because the cost of debt is lower than the cost of equity, value-maximizing
Mama L [17]

Answer:

B. Corporations that are 100% equity financed will have a much lower weighted average cost of capital because the lack of debt lowers their risk of bankruptcy.

Explanation:

5 0
3 years ago
Which document determines the number of shares in a company? a stock prospectus an annual bill of rights a corporate charter an
Nezavi [6.7K]

Answer: Corporate charter

Explanation:

The corporate charter is also referred to as the articles of incorporation. It is a document that contains the major components that make up a company, like the objectives of the company, the structure of the company, the number of shares the company has for sale and the planned operations of the company.

When a corporate charter is approved by the state, then the company will become a legal corporation. The corporate charter also contains the names of the people that are involved in its formation.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Why did Samuel Gompers seek to forge closer ties with forward-looking corporate leaders? a. He wanted to work his way into circl
    11·1 answer
  • A department had 65 units which were 20% complete in beginning Goods in Process Inventory. During the current period, 77 units w
    6·1 answer
  • Greg, the CEO of Organic Market, wants managers and employees to instruct each other about the organization’s chosen values and
    11·1 answer
  • A woman eats chips and dips and burgers and fries and drinks a couple of shakes. afterward, she goes to the gym and does 90 minu
    6·1 answer
  • Bruce receives 20 stock rights in a nontaxable distribution. The stock rights have an FMV of $5,000. The common stock with respe
    9·1 answer
  • International Imports is a merchandising Firm. Last year they reported sales of $674,500 and cost of goods sold of $404,700. The
    13·1 answer
  • Jenny was feeling frustrated. "What's taking them so long to make a decision? It's been weeks since I first met with them, and t
    8·2 answers
  • Water carriers played a dominant role in the transportation system of the United States in the 18th and 19th centuries. Why has
    8·1 answer
  • What is considered gross proceeds paid to an attorney.
    13·1 answer
  • Bob cratchit needs $16 per month for grave maintenance after he passes. if he earns 3.0 nnual interest, compounded monthly, how
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!