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andreev551 [17]
3 years ago
8

What benefit dose a corporation have that a partnership and sole proprietorship do not

Business
1 answer:
andrezito [222]3 years ago
3 0

Answer:

An unlimited life spam

Explanation:

If your firm has an existence independent, it will continue to exist indefinitely unless it is legally disbanded. Limited liability prevents you from being held personally liable for their company's obligations or legal judgements. Shareholders were protected from legal responsibilities and debts by corporate entities.

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On January 2, 2020, Orange Corporation purchased equipment for $300,000 with an ADS recovery period of 10 years and a MACRS usef
Sveta_85 [38]

Answer:

decrease $49,605

Explanation:

corporation purchased eqipment = $ 300000

ADS recovery period = 10 years

MACRS useful life of 7 years

th eequipment sold for $290,000

The result is option d. Decrease $ 49,605

4 0
3 years ago
On January 1, 2021, American Corporation purchased 25% of the outstanding voting shares of Short Supplies common stock for $210,
Usimov [2.4K]

Answer:

"$224,000" is the correct solution.

Explanation:

The given values are:

Corporation purchased percentage,

= 25%

Original investment,

= $210,000

Short's net income,

= $80,000

Paid cash dividend,

= $24,000

Now,

The share of net income will be:

= 25 \ percent\times 80,000

= 0.25\times 80000

= 20,000 ($)

The cash dividend will be:

= 25 \ percent\times 24,000

= 0.25\times 24,000

= 6,000 ($)

hence,

On December 31, 2021, the balance will be:

= Original \ investment+Net \ income \ share+Cash \ dividend

= 210,000+20,000+6,000

= 230,000-6,000

= 224,000 ($)

6 0
3 years ago
These types of goals help make up the framework for long-term goals
Juli2301 [7.4K]
There are different types of goals like the short and long term goals. Short term only applies on specific schedule or a target time. Long term goals is more based on security like retirement plans, insurance, savings, health plans, home for the family an many more. These are some factors that can indicate stability and are the long term goals that had to be met.
6 0
3 years ago
Abardeen Corporation borrowed $90,000 from the bank on October 1, 2018. The note had an 8 percent annual rate of interest and ma
Vitek1552 [10]

Answer:

$0

Explanation:

Data provided in the question

Borrowed amount from the bank = $90,000

Annual interest rate  = 8%

Maturity date = March 31, 2019

Since it is mentioned in the question that, the interest and the principal were paid in cash on the maturity date so for the amount of cash that Abardeen had to pay for 2018 interest would be zero as the principal and the interest is paid for 2018

7 0
4 years ago
In determining contract formation, what is the overriding focus of the uniform commercial code (ucc)?
postnew [5]

Answer:

The intent of the parties is to be bound by the contract.

<h3>What is the UCC battle of the forms rule?</h3>
  • Typically these so-called battles of the forms occur when a buyer and seller of goods exchange pre-printed order forms with their own different terms on the back and then proceed with the transaction without ever signing any final contract or reaching an agreement on the terms of the deal.

To learn more about it, refer

to brainly.com/question/24553900

#SPJ4

7 0
1 year ago
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