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AlekseyPX
2 years ago
6

A corporation: Select one: A. Is less costly to organize than a partnership B. Is subject to less regulation and supervision tha

n a partnership C. Is subject to federal income taxes on its earnings, whereas a partnership is not D. Has an owner's capital account for each owner, whereas a partnership does not
Business
1 answer:
larisa86 [58]2 years ago
5 0

Answer:

A corporation:

C. Is subject to federal income taxes on its earnings, whereas a partnership is not.

Explanation:

The other options fit a partnership more than a corporation.  The chief advantages of a corporation over a partnership are the limited liability status of the shareholders of a corporation, which benefits all the shareholders and secondly, the corporation is a separate legal entity from the owners.  This second advantage allows professional managers to lead the company.  With respect to federal income taxes on the earnings, the corporation is taxed directly on its earnings and shareholders also pay taxes on their income from all sources (unless it is an S-corporation), while partners in a partnership enjoy pass-through taxation of their partnership earnings.

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Forms of Business Organization
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<h2>Forms of Business Organization </h2>

1. The basic concepts of financial management are the same for all businesses, regardless of how they are organized. However, a firm's legal structure affects its operations.

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Explanation:

The above are forms of business organization through which investors can realize their investment dreams.

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