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
Ede4ka [16]
3 years ago
8

Which of the following statements is CORRECT? Sole proprietorships are subject to more regulations than corporations. In any typ

e of partnership, every partner has the same rights, privileges, and liability exposure as every other partner. Sole proprietorships and partnerships generally have a tax advantage over many corporations, especially large ones. Corporations of all types are subject to the corporate income tax.
Business
1 answer:
Rasek [7]3 years ago
3 0

Answer:

Sole proprietorship and partnerships generally have a tax advantage over many corporations, especially large ones.

Explanation:

Corporation face fewer regulations than Sole proprietorship.

In any partnership every partner is liable for their share  of rights, privileges, and liability exposure.

An S Corp and C Corp are not taxed the same.

You might be interested in
During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. The financial statement effect of
iren2701 [21]

Answer:

A. Increase liabilities (Accounts payable) by $337.8 million

Explanation:

The journal​ entry will be: Inventory (Credit - Increased) 337,860,000 and Accounts payable (Debit - Increased) 337,860,000.

The company must recognize the increase in the Inventory and the medium of payment (Accounts payable).

B is false because this operationn can also be a decrease in cash, but the amount in the operation is too high for this payment medium.

C is false because, the inventory is not sold, and COSG will be increased when the goods are sold.

D is also false because the inventory is increasing, not decreasing.

6 0
3 years ago
Privett Company Accounts payable $33,264 Accounts receivable 67,719 Accrued liabilities 6,039 Cash 20,980 Intangible assets 39,9
xz_007 [3.2K]

The total amount of quick assets is equal to $119,232. therefore, Option B is the correct statement.

<h3>What are Quick Assets?</h3>

Quick assets encompass cash available or current assets like accounts receivable that may be transformed to cash with minimum or no discounting.

Companies have a tendency to use the short assets to cover short-time period liabilities as they arrive up, so speedy conversion into cash (excessive liquidity) is critical.

Inventories and prepaid expenses aren't quick assets due to the fact they may be hard to transform into cash, and deep discounts are sometimes needed to do so.

The amount of quick assets is equal to Accounts receivable plus Cash plus Marketable securities.

Quick assets = $67,719 + $20,980 + $30,533

Quick assets = $119,232

Hence, the total amount of quick assets is equal to $119,232. Option B is the correct statement.

learn more about quick assets:

brainly.com/question/11209470

#SPJ1

5 0
2 years ago
Who receives the goods or services from the lottery
shepuryov [24]
The person who wins!!!!!!!!!!!!!


7 0
3 years ago
You are offered the following investments: You can invest $500 today and receive $600 in 5 years. The investment is low risk. Yo
grin007 [14]

Answer:

500

Explanation:

6 0
3 years ago
Consumers who take vitamin/mineral supplements should be aware that excessive intakes could pose hazards, and should refer to th
BaLLatris [955]

Answer:

estimated average requirement

Explanation:

Many people (if not almost everyone) believes that vitamins and minerals are good, and more of them are even better. But anything in excess, including good things can be bad for you. E.g. if you do not consume enough iron you might develop anemia, but excess iron can poison you.

The estimated average requirement (EAR) values are intake levels that meet at least 50% of the populations needs. Your individual requirement levels might vary depending on your height, weight, age or activity levels, but the EAR serves as a good starting point to calculate your own individual needs.

4 0
3 years ago
Other questions:
  • it is generally agreed that the role of strategy is to: options make best use of resources make profits for the organization mak
    11·1 answer
  • Tom, angela, and peter want to become co-owners of a business enterprise. compare their personal liability for the debts incurre
    5·1 answer
  • Tips are considered _____.<br> dividends<br> taxable income<br> gains<br> a bonus
    8·2 answers
  • Doing taxes, taking people's blood pressure, and using video editing software are examples of _______ skills.
    5·1 answer
  • Pharoah Company on July 15 sells merchandise on account to Sarasota Co. for $3100, terms 2/10, n/30. On July 20 Sarasota Co. ret
    13·1 answer
  • The required return for Williamson Heating's stock is 12%, and the stock sells for $40 per share. The firm just paid a dividend
    13·1 answer
  • The first step in the process of creating a marketing plan is to
    14·2 answers
  • A sudden increase in inflation, ceteris paribus, a. Raises the real income of lenders relative to borrowers. b. Raises the CPI a
    7·1 answer
  • If at a price of $24, Octavia sells 36 home-grown orchids and at $30 she sells 24 home-grown orchids. What is the change in quan
    15·1 answer
  • Reddy Corporation has collected the following data for the month of June: Actual total factory overhead incurred $61,150 Budgete
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!