Business income allocations from an S corporation to its shareholders are self- employment income to the shareholders. a. True b. False

Q: Which of the following is the impact of agency cost?

A: Agency costs are internal costs incurred due to the competing interests of Shareholder i.e the…

Q: Do you agree with the view that a company which reports substantial profits within its statement of…

A: Profit is the income which is earned after deducting all the expenses from the revenues of a period.…

Q: dentify each of the following characteristics as being an advantage or a disadvantage of the…

A: A business can be formed and run in different forms. Some of the popular forms are sole…

Q: When a share-based payment transaction is with an employee and others providing similar services,…

A: Share-based payment means where an entity enters into an transactions with the employees and others…

Q: What are the financial resources of the company which are also kanown as working capital

A: Financial resources is a term covering all financial funds of an organization. They are part of…

Q: In an S Corporation are the unit holders liable for busin

A: Yes, they are liable for business losses too if they fulfill these requirements.

Q: Characteristics of a corporation include

A: Shareholders are the owner of the shares issued by the company. They have the power to vote and…

Q: Sources of business ownership.

A: Introduction:- Funds play vital role in every business for running operations. Companies cannot run…

Q: porate earnings and profits (E&P) is correct?

A: E&P refers to the accumulated earnings and profits of a company. The E&P of a company…

Q: what is the difference between a sole trader , pafrtenership and a company . explain

A: Sole proprietorship in easy words could be a one-person business organization. moreover, a sole…

Q: Which of the following characteristics of a corporation limits a stockholders losses to the amount…

A: The stockholders will share loss of corporation.

Q: Which type of business organisation has a separated legal entity from its owners, and the owners are…

A: A. Limited Liability Company (LLC) A Limited Liability Company (LLC) is a cross between a…

Q: ________ are a portion of the ownership of a company or cooperation.

A: COLLECTIVELY , SHARES ARE KNOWN AS STOCK AND ONE SHARE OF STOCK REPRESENT PART OWNERSHIP OF A…

Q: Business income can be earned by all taxpayers (individuals, corporations, and trusts)…

A: Every person work for their living. A person can have income from Business, profession , salary etc.…

Q: xplain the difference between a Shar

A: Efforts of various people in order to run a successful business and many people associated with the…

Q: How would the sole owner of a profitable firm rank the following methods of receiving ownership…

A: A sole proprietorship is a form of business organization under which there is only one owner and he…

Q: Explain the difference between capital expenditure and revenue expenditure, and how each type of…

A: Capital expenditure is an expense which is made to purchase an asset or to increase the capacity of…

Q: “Income and Expenditure Account of a Not-for-Profit Organisation is akinto Profit and Loss Account…

A: A profit & loss statement shows the organization's revenue, expenses, and its profit for a…

Q: Discuss how does the growth and scalability of a sole proprietorship compare to other forms of…

A: When it comes to starting a business, one of the key decisions that entrepreneurs must make is…

Q: Corporate responsibility refers to fulfilling the responsibility or the obligation that a company…

A: Apart from the profit objective, a corporate organization should also work towards the…

Q: The owners' interest in the assets of a corporation is known as Question content area bottom Part 1…

A: The balance sheet is one of the important financial statements of the business. The balance sheet…

Q: Explain common forms of business ownership—sole proprietorship, partnership, and corporation—and…

A: A sole-proprietorship is one that has one owner who has unlimited liability for the business. A…

Q: When do the corporations also report their retained earnings?

A: When do the corporations also report their retained earnings?

Q: Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined…

A: The entire cost of all resources used to produce a good is known as the manufacturing cost.  The…

Q: Which of the following statements does NOT describe a valid similarity or difference between EBIT…

A: EBIT stands for Earnings Before Interest and Taxes. It is a measure of a company's profitability…

Q: What ratio is frequently used to assess the efficiency of not-for-profit entities?

A: The ratio of program service expenses to total expenses is frequently used by the analyst in order…

Q: ​In which two ways is corporate profits tax similar to the payments to common shareholders (owners)…

A: Shareholders are entitled to share in the company's profits. A corporate tax, also called…

Q: What would increase the liabilities of a business entity? Please provide specific examples. 2. What…

A: The liabilities are the amount to be paid by the business in future period.

Q: What is meant by the term "pass through entity"? Select one: a. The entity is subject to double…

A: Pass through entity means that the profit which is earned by business entity is not taxed at entity…

Q: Explain the effect of operating profitably on the balance sheet of a business entity.

A:

Q: How can the separate entity concept benefit each of the ff: A. creditors B. consumers  C.…

A: This concept of accounting means that the owners of business need to ensure that it records…

Q: shareholders' claims on assets and income of a firm come_____ those of creditors _______those of…

A: Preferred shares have fixed dividend payments that are to be paid by company. Preferred share…

Q: What financial statements are not for profit organizations required to issue? Compare them to what a…

A: A nonprofit organization (NPO) is an organization that is not motivated by profit but rather by…

Q: An individual provides accounting services to a corporation in exchange for stock. the shareholder…

A: Recognition of revenue - is an important aspect of accounting of revenue to be presented during the…

Q: What is meant by Not-for-profit accounting?

A: Accounting represents the system of maintaining records of day-to-day business operations of an…

Q: True or False? Dividends should be authorized by the shareholders of the corporation.

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: What are the main differences in accounting for profit and not for profit organizations?

A: Profit Organizations: When the main motive or the primary goal of a business is specifically to…

Q: xplain any three (3) differences between maximising profits and maximising shareholders’ wealth.…

A: A wealth of a shareholder maximizes when the net worth of a company maximizes, which is viewed as a…

Q: Shareholders' equity is the corporate accounting element when we subtracted corporate assets from…

A: Total Assets = Total Liabilities + Shareholders' equity Shareholders' equity = Total Assets - Total…

Q: As used in the definition of accounting, an economic entity may be a. a business enterprise b. an…

A: Answer is 'D'.  All of the above An economic entity may be a business enterprise or  an individual…

Q: While putting the value or price of an entity in financial records the lowest price is recorded not…

A: Accounting is the process of recording financial transactions (which can be measured in terms of…

Q: A shareholder in a company:

A: Shareholders A person or entity who holds the shares or stocks of a company is known as shareholders…