Answer:
1. True
2. False
Explanation:
1. It is true that Partnerships generally have a tax advantage over corporations because Partnerships never really pay taxes since profits and losses are passed on to their owners since they share profits and losses, these partners then incorporate these profits in their personal income tax.
Secondly Partnerships avoid the double taxation because corporations are taxed and their owners (shareholders) are taxed when they earn dividends.
Thirdly, in corporations losses are not passed on to their shareholders to reduce their tax payable but that is a benefit in partnerships.
2. It is false that Corporations are generally less highly regulated than proprietorships because proprietorships are non required by law to publish their statement of affairs but quoted companies are mandated by law to do so. Corporate governance and audits are mandatory for corporations but not for proprietors
[T/F] 2. Corporations are generally less highly regulated than proprietorships. [T/F]
Answer:
The long term debt is $167,721
Explanation:
Workings are attached.
Answer:
The answer is true
Explanation:
Increasing Liabilities is increasing cash inflow. For example, if a firm borrows money from a bank, it increases its liabilities and also increases its cash account because the bank will credit the firm with the borrowed form.
Also, if shareholders contribution increase by way of funding the company, the cash is being injected into the firm, thereby increasing the cash reserves.
Therefore, the answer to the question is true.
Answer:
option A is correct
Paid-In Capital in Excess of Par will be credited for $150,000
Explanation:
Given data
share = 5000
share value = $5 / common stock
cash = $175000
to find out
find the option which is correct
solution
we know here we have cash value $175000
and
total common stock is = share × share value
total common stock =5000 × 5
total common stock value is $25000
so paid capital in excess = cash - total common stock value
paid capital in excess = 175000 - 25000
paid capital in excess is $150000
so option A is correct
Paid-In Capital in Excess of Par will be credited for $150,000
The answer to this question is: Effective manager
in business, effectiveness refers to the ability for a person to make use of all resources that available to him/her in order to accomplish the goal.
This trait is considered as the most desired trait that most of the shareholders seek when they're choosing the leader for their company.
