IF A CORPORATION COMMITS A CRIMINAL OFFENSE, HOW CAN IT BE PUNISHED?
Q: What issue does agency theory examine? Why is it important in a public corporation rather than in a…
A: In agency theory, shareholders give manager the decision making authority over the firm, thus…
Q: What limitations are S-corporations subject to?
A: S corporation is referred to as the corporation, which are treated regarding the federal tax…
Q: What is a tax consequence for a noncorporate shareholder who receives a liquidating distribution…
A: Liquidating distribution is the distribution of the money to the shareholders of the company which…
Q: What is the difference between private and public liability companies
A: Corporation- A corporation is a legal entity that is distinct from its owners and is formed under…
Q: What are bylaws of a corporation?
A: Corporate bylaws: The bylaws of a corporation are a set of rules established by the company's…
Q: What is ‘corporate liability’. Provide examples to illustrate your answer and refer to legislation…
A: Corporate Liability is vicariously liability where the company liable for the acts of an employees…
Q: How do corporations go public and continue to grow
A: Private corporations go public because due to increasing operations they need to fulfill liquidity…
Q: true or false A corporation may NOT legally invest in the bonds of another corporation
A: A corporation is a form of business organization that is legally formed and has a group of people…
Q: True or False: An S Corporation is never subject to any federal income tax.
A: The company's aim will be to increase the profitability of the company. The profits can be arrived…
Q: Is the vote of the majority of the board also necessary for the approval of the by-laws of the…
A:
Q: If the corporation is considered as de facto, who can question its existence? Board of Directors…
A: When corporation is considered as de facto, it means that corporation exist even though it may not…
Q: What is the reason why close corporations are not allowed to engage in mining or oil companies,…
A: A business is characterized as an association or ambitious entity indulged in industrial,…
Q: What is the basis of a stockholder's right of inspection of the corporation's books and records
A: Stockholders or Shareholders are the people holding equity shares of a company. Shareholders are the…
Q: What is the difference between a public and a private corporation? Provide an example of each.
A:
Q: How are warrants used by corporations?
A: A stock warrant refers to the right to buy the shares of a company at a price point that has been…
Q: A corporation is a business that is legally separate and distinct from its owners
A: TRUE
Q: How are obligations (other than deferred income taxes) disclosed in the case of a corporation that…
A: The answer :
Q: Is there a limit to a number of corporation that can enter into a JV?
A: Joint ventures (JV) can be defined as a form of business organization under which two or more…
Q: Limited liability is a disadvantage of corporation companys? true or false
A: Limited liability refers to the term that means in case of insolvency of the business, personal…
Q: What is the reason for renewed interest in not-for-profits corporations?
A: Non-profit corporation owners do not make a profit. The money of a not-for-profit organisation is…
Q: Which of the following statement is true of a corporation’s by-laws? A corporation’s by-laws, being…
A: This is a correct statement A corporation’s by-laws, being and intramural document binding on…
Q: The purposes and objectives of taxation are as follows, except a. It is a means of reducing…
A: The objectives of taxation includes: resource allocation income distribution price stability…
Q: Which of the following facts would prevent an S corporation election?
A: Option A is Correct answer Share issued and paid up only such shareholders have the right to vote…
Q: What are not-for-profit corporations?
A: Definition A nonprofit corporation is a business that exists for the public welfare rather than for…
Q: What is the effect on a corporation when it goes bankrupt?
A: Bankrupt happens when the corporation has insufficient funds to pay off the liability (or when it is…
Q: Can an individual enter into a joint venture with a corporation? how do you account for that?
A: Joint venture can be defined as the business entity that is created by two or more parties that is…
Q: Which of the following is not true of a corporation? Oa. It may enter into binding legal contracts…
A: Corporation has separate legal entity. This means the corporation is separate from its owners. Thus,…
Q: Why do the basis and at-risk rules usually prevent the same amount of losses from passing through to…
A: An S Corporation is treated more like a partnership than a C Corporation. So, S Corporation is a…
Q: What is not-for-profit corporation?
A: Nonprofit organization: It basically comes under a non-profit motive organization like banking…
Q: Help! True or false In case of conflict between the by-laws and the corporation code, the code shall…
A: solution concept By laws By laws means the laws an rules framed by the corporation for its…
Q: When a corporation is dissolved due to fraud, graft, and corruption, can innocent employees and…
A: Liabilities are referred, when the money is borrowed and there is obligation to pay that sum of…
Q: A corporation incurred liabilities to its suppliers. The suppliers filed a case against the board of…
A: Lets understand the basics. Company or corporation kind of structure are structure in which company…
Q: A corporation formed for the purpose of manufacturing, buying, selling, and dealing in drugs,…
A:
Q: If a corporation files bankruptcy and is liquidated, who should get paid first: the corporation’s…
A: Bondholder: A bondholder is an investor of bonds in the issuer's firm. The issuer pays the…
Q: What role does a corporation audited financial statements Play in determining it's taxable income?
A: Whatever financial statement that has already been audited by a certified public accountant (CPA) is…
Q: What issue does agency theory examine? Why is it important in a public corporation rather than in a…
A: Agency theory states the fiduciary duty of management towards the shareholders. The duty is to…
Q: Can a religious corporation, apply for its dissolution without any valid reason?
A: Dissolution: Dissolution can be defined as the process of ending up the business units either…
Q: What is the ‘corporate veil’ and when is it permitted to be lifted under the Corporations Act?
A: The corporate veil is a legal term that explains that there is a difference between the personality…
Q: What distinct advantage does a private or Subchapter S-corporation haveover the public corporation?
A: Business organization refers to any organization which is formed to carry out the commercial…
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- Help! True or false In case of conflict between the by-laws and the corporation code, the code shall prevail. (Explain why)4. The Bureau of Internal Revenue filed a case against Prorealty Corporation due to non-compliance with the said agency and delinquent tax payer. What could be the possible action of the Corporation? Discuss and relate it to the Political Risk.State whether the following statement is true or false. Tax related fraud is a criminal offence in South Africa. Therefore, it can be prosecuted through the application procedure
- TRUE OR FALSE. 1. Whenever there is conflict between the Tax Code and the Civil Code, Tax Code will prevail over Civil Code. 2. Taxes are voluntary contributions to the government. 3. Taxation is the government's legitimate means of interfering with the private properties of its subject. 4. Tax laws are given retroactive effect 5. As a rule, doubts as to imposition must be resolved liberally in favor of the government. 6. An aspect of tax power that could be delegated to the President covers both legislative and administrative discretion. 7. The power of judicial review in taxation is limited only to the interpretation and application of tax laws. 8. No law granting any tax exemption shall be passed without the concurrence of the two-thirds of the members of the Congress present. 9.The primary requisite of equity principle is that each taxpayer should be required to contribute equal amounts in the form of taxes. 10. All government entities regardless of their functions are exempted…A court does not have the power to remove a director when: Multiple Choice petitioned by shareholders. it finds that the director engaged in fraudulent conduct. it finds that the director intentionally inflicted harm on the corporation. it believes removal would help the corporation operate more globally responsibly.M1). Go to the Discussion Board forum "Corporate Freedom of Speech and Religion" and discuss the following issues: Do you agree with the Court's decision that corporations are entitled to the same degree of freedom of speech and religion as individuals? Why or why not. What impact do you think this will have on elections, on community issues, or how you receive the news? Does the possible unlimited amount of money that corporations might be able to spend in support or opposition to a candidate or cause give you any concern? Why or why not? Do you think this will impact where employee work? Is that fair? 6. Reply to at least two of your classmates using the discussion grading criteria
- The Securities and Exchange Commission denied the amendment of the Articles of Incorporation of Corporation B because it found out the corporation will be used as a drug den. What is the definite ground of disapproval of the amendment? a. The certification concerning the amount of capital stock subscribed and/ or paid is false. b. The purpose/s are patently unconstitutional, illegal, immoral or contrary to government rules and regulations. c. Not substantially in accordance with the Code. d. The required percentage of Filipino ownership of the capital stock under existing laws or Constitution has not been complied with.1. If there is a conflict between a BIR Ruling and a Revenue Memorandum Ruling, which will prevail? 2.Which tax system impacts more on the rich people, and why does it impacts them more?When a corporation is dissolved due to fraud, graft, and corruption, can innocent employees and stockholders have claims over the asset of the corporation after satisfying all its liabilities?
- Does the concept of a progressive (and fair) tax system become undermined by the ability to tweak the Tax Code to suit Congress' purposes in terms of driving social policy?What is the significance of Salomon v A Salomon & Co Ltd [1897] AC 22? What is the ‘corporate veil’ and when is it permitted to be lifted under the Corporations Act?Can a religious corporation, apply for its dissolution without any valid reason?