Hlo anyone there to talk with me

List the characteristics typical of a c corporation

Svet_ta [14]

Answer:

The five main characteristics of a c corporation are:

limited liability: the owners' liability is determined by the amount of money they invested in purchasing the corporation's stock.
corporations are owned by stockholders: every single stockholder owns a piece of the corporation, the size of that piece is determined by the amount of stocks.
double taxation: owners of the corporation suffer from double taxation because first the corporation must pay corporate taxes and then the owners must pay income taxes when they receive dividends.
corporations are separate entities: corporations exist by themselves, they are born when they are created and die when they are dissolved.
corporations are professionally managed: the owners elect a board of directors and the board is responsible for hiring professional management.

Explanation:

3 0

2 years ago

Patton has acquired several other companies. Assume that Patton purchased Kate for $ 6 comma 000 comma 000 cash. The book value

ruslelena [56]

Answer:

1. $2,000,000

2. Accounting Entry

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

Explanation:

The Acquisition of Kate must be done at the fair value of Assets and Liabilities at the acquisition date instead of book values.

Goodwill is the excess of the Purchases Price over the Net Identifiable assets acquired.

Calculation of Goodwill :

Purchase Price $6,000,000

Less Net Identifiable Assets

Assets at Fair Value $17,000,000

Less Liabilities at Fair Value ($13,000,000) ($4,000,000)

Goodwill $2,000,000

Accounting Entry

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

4 0

3 years ago

Holly created a saving and investing plan over twelve years ago. She has not looked at it or made any changes to it. What saving

Tpy6a [65]

Continually reassess your plan. As part of the investment process and financial planning process, Holly should monitor and reassess her savings and investing plan annually to determine if her goals have changed and if she is meeting her goals through the plan's performance.

4 0

3 years ago

When is it not necessary to build a new market supply schedule?

ss7ja [257]

It is not necessary to build a new market supply schedule when there is a change in the price of a good

5 0

3 years ago

Read 2 more answers

Grains occupy slightly more than ____________ of the plate. The message to make half your grains ____________ is stressed throug

Vladimir79 [104]

Answer:

Grains occupy slightly more than one-fourth of the plate. The message to make half your grains whole is stressed throughout accompanying consumer-education materials.

Explanation:

7 0

3 years ago

Hlo anyone there to talk with me ​

Hlo anyone there to talk with me