Explain advantages and disadvantages of a corporation

Assignment Help Financial Accounting
Reference no: EM13747716

(Learning Objective 1: Explain advantages and disadvantages of a corporation) What are two main advantages that a corporation has over a proprietorship and a partnership? What are two main disadvantages of a corporation?

Reference no: EM13747716

Questions Cloud

Balance sheet accounts for the year ended : Adidas AG reports the following balance sheet accounts for the year ended December 31, 2011 (euros in millions). Tangible and other assets € 255 Intangible assets € 154 Total equity 2,322 Total current liabilities 345 Receivables and other assets 1,7..
Items for the statement of cash flows : Compute the following items for the statement of cash flows: Beginning and ending Plant Assets, Net, are $99,000 and $92,000, respectively. Depreciation for the period was $11,000, and purchases of new plant assets were $23,000. Plant assets were sol..
Compute cash flows from operating activities-indirect method : Compute cash flows from operating activities—indirect method-The accounting records of Michigan Fur Traders include these accounts:
Explain advantages and disadvantages of a corporation : (Learning Objective 1: Explain advantages and disadvantages of a corporation) What are two main advantages that a corporation has over a proprietorship and a partnership? What are two main disadvantages of a corporation?
Investing and financing amounts for statement of cash flow : Compute the following items for the statement of cash flows: Beginning and ending Plant Assets, Net, are $99,000 and $92,000, respectively. Depreciation for the period was $11,000, and purchases of new plant assets were $23,000. Plant assets were sol..
Memorandum informing them of steps in forming corporation : Jessica Johnson and Claudia Stein are opening a Submarine’s deli. Johnson and Stein need outside capital, so they plan to organize the business as a corporation. They come to you for advice. Write a memorandum informing them of the steps in forming a..
Payroll taxes and the medicare contribution tax : For the current year, Maple Corporation, a C corporation, reports taxable income of $265,000 before paying salary to its sole shareholder, Diane. Diane’s marginal tax rate on ordinary income is 35 percent and 15 percent on dividend income.
Determine companys predetermined overhead application rate : Athena Corporation uses a job-cost system and applies manufacturing overhead to products on the basis of machine hours. The company's accountant estimated that overhead and machine hours would total $800,000 and 50,000, respectively, for 20x1. Determ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Fishy farm is a small business located in the mountains of

fishy farm is a small business located in the mountains of southwestern virginia.nbsp the business is actually a

  Today many companies face budgetary challenges on a

today many companies face budgetary challenges on a continual basis. two critical aspects that businesses lack are

  Illustrate what is the break -even point per month in sales

Clydes marina has estimated that fixed costs per month are $300,000 and variable cost per dollar of sales is $0.40. Illustrate what is the break -even point per month in sales dollars?

  For a business that makes advance provision for

for a business that makes advance provision for uncollectible receivablesa journalize the entries to record the

  Believer plc entered into a nonbullcancellable agreement on

believer plc entered into a nonbullcancellable agreement on 1g january 2010 to lease new industrial equipment. the

  Define the research questions for the identified problem

Identify a business research topic and define the research questions for the identified problem or opportunity

  Production budget vitapup gives a vitamin-enhanced dog food

production budget vitapup gives a vitamin-enhanced dog food that is sold in kansas. the company expects sales to be

  How payroll accounting is done in pca

Draw the diagram that shows how payroll accounting is done in PCA and when setting up payroll defaults, what is the first step - identify the five tabs on the Employee Defaults window.

  Explain briefly how swift would current year financial state

There is no doubt that Swift is guilty and the settlement is reasonably estimable at $10 billion payable evenly over 10 years starting next year. E xplain b riefly how Swift would address this in its current year financial statements.

  Explain how these have an impact on the breakeven

explain how these have an impact on the breakeven (contribution margin, fixed costs, a combination, variable costs, etc.), and what happens if these factors increase or decrease.

  A city government estimates that they must accrue 15

a city government estimates that they must accrue 1.5 million per employee to finance each employees retirement

  Bad debt and the allowance for doubtful accountsnormandale

bad debt and the allowance for doubtful accounts.normandale brewing and distilling companys post closing trial balance

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd