please answer correct in detail Identify each of the following characteristics as being an advantage or a disadvantage of the corporate form of business or not applicable to the corporate form of business organization. 1. Seperate legal entity  2. Taxable entity resulting in additional taxes 3. Continuous life

18. The following are examples of corporate expenses deductible from gross income, except one a. Expenses paid to an advertising firm in order to create a favorable image for the corporation b. Contribution to drum up business like contribution of softdrinks to barrio fiesta c. Premiums on life insurance covering the life of an employee if the beneficiary is his heir d. Representation expenses designed to promote business

please answer correct in detail Identify each of the following characteristics as being an advantage or a disadvantage of the corporate form of business or not applicable to the corporate form of business organization. 4. Unlimited liability of owners    5. Government regulations    6. Seperation of ownership and management

Select the best term for each definition below.       Definitions Terms a. Shareholders can lose no more than the amount they invest in the company.   b. Corporate earnings are taxed twice—at the corporate level and individual shareholder level.   c. Like an S corporation, but there are no limitations on the number of owners as in an S corporation.   d. Traces the line of authority within the corporation.   e. Allows for legal treatment as a corporation, but tax treatment as a partnership.   f. Has stock traded on a stock exchange such as the New York Stock Exchange (NYSE).   g. The first time a corporation issues stock to the public.   h. Describes (a) the nature of the firm’s business activities, (b) the shares to be issued, and (c) the composition of the initial board of directors.

+ Choose one nature of organization (SINGLE PROPRIETOR, PARTNERSHIP, CORPORATION) + Based on your choice you need to cite the following + Advantages: If your chosen nature of organization in terms of 1. Formation 2. Tax benefits 3. Decision making Disadvantages: If your chosen nature of organization in terms of 1. Liability 2. Taxes 3. Lack of "continuity" 4. Difficulty in raising capital

Financial Accounting and Reporting: Introduction to Corporation True or False 10. Eleemosynary corporations are those organized for public charity.11. A corporation is an artificial being with personality separate and apart from its individual shareholders or members.12. A corporation has continuity of existence which permits the business to continue regardless of changes in ownership or the death of a shareholder.

Exercise 11-1 (Algo) Characteristics of corporations LO C1 Match each corporate characteristic 1 through 8 with the description that best relates to it. Characteristic 1. Tax status of income 2. Transferability of ownership 3. Ease of formation 4. Ability to raise large capital amounts 5. Government regulation 6. Duration of life. 7. Mutual agency 8. Legal status Descriptions

withdrawals. Pre-Assessment 1. Give at least 10 sole proprietorship establishment you are familiar with. Forms of Business Organization 1. Sole Proprietorship is a business organization owned by one person. It is owner of the sole proprietorship is the pronrietor In mort caror tho prone

this question in the appropriate place on Blackboard. An S-Corp can only have how many shareholders max and how many classes of stock? Concepts /Terminology to Know: • LLC: Benefits of limited liability like a corporation but pass through taxes S-Corp: Know the four criteria, tax structure, pass through taxes... • Close corporation: simply means few shareholders, generally family run businesses Registration: States - usually go through Secretary of State • Governance: Business Judgment Rule • Blue Sky Laws: Securities laws at the state level • Federal Laws: Sarbanes Oxley, see chapter 8